Bloomberg News

Euro Rises After European Central Bank Extends Loans Program

October 06, 2011

Oct. 6 (Bloomberg) -- The euro rose against the dollar and yen, erasing earlier losses, as speculation increased that a reintroduction of loans to banks by the European Central Bank will help buoy crisis-ridden markets.

The 17-nation currency earlier weakened as ECB President Jean-Claude Trichet said the region’s economy is facing “intensified downside risks.”

To contact the editor responsible for this story: Paul Cox at pcox16@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus