- Published on Monday, 20 February 2012 11:44
- Written by Bloomberg.com
The euro rose against the dollar for a third day on speculation European finance ministers will settle their remaining differences over a Greek bailout when they meet later today.
The 17-nation currency also strengthened versus the yen and the British pound. The dollar dropped against most major peers on Chinese measures to sustain economic growth, damping demand for haven assets. The yen touched a six-month low against its U.S. counterpart as data showed Japan had its largest monthly trade deficit on record. Should ministers fail again to back the bailout at today’s Brussels meeting, the issue could be pushed to the next European Union summit on March 1. Full story