Exchange Rates

Euro Rebounds as EU Agrees on Debt Protocol

Posted by Scott Boyd at 9:02 am UTC, 12/17/2010

The euro appreciated 0.2 percent to 111.38 yen at 7:30 a.m. in New York, from 111.14 yen yesterday on news that European Union official have agreed to the defining of a protocol for dealing with individual Eurozone sovereign debt. The protocol is expected to include plans for emergency funding and other tactics to protect the euro.

Source: Bloomberg

Filed under: Forex Round Up, EUR

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