The euro is up 0.3 percent in early morning trading in New York today reaching $1.3689 at 8:00 am from $1.3643 at yesterday’s close. With the growing likelihood of a bail-out package being extended to Ireland, risk appetite is on the rise.
“Ireland appears close to an agreement on its bailout, which is positive for sentiment,†said Neil Jones, head of European hedge-fund sales at Mizuho Financial Group Inc. in London. “The German economy is powering ahead.â€
Source: Bloomberg
