Friday, 16 September 2011

Euro Strengthens on ECB’s Lending Offer, Merkel, Sarkozy Backing Greece

The euro rose against the dollar for the first time in three weeks after the European Central Bank said it will lend dollars to euro-area banks, tempering liquidity concern amid the region’s sovereign debt crisis. The 17-nation currency pared its five-day gain yesterday as finance ministers from ...


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