Euro picks up after rescue packages

Discussion in 'Wall St. News' started by ASusilovic, May 9, 2010.

  1. (Reuters) - The euro gained 1 percent against the dollar in early Asia-Pacific trade on Monday, as it extended its recovery from 14-month lows after German lawmakers and the International Monetary Fund approved rescue packages for Greece.

    The euro traded around $1.2870 from $1.2715 late on Friday in New York.

    Against the yen the single currency was up around 1.8 percent at 118.83 yen.

    The Aussie dollar also gained in early trade to $0.8946 from $0.8862 in New York.

    The International Monetary Fund approved a 30 billion euro package for Greece, with the first payment available this week. It also said it was not in talks with Portugal or Spain
  2. Yes..EUR/USD up +150 .. EUR/JPY is up +300 .. Will be a interesting night. S&P futures may react to this.