Bloomberg News

Euro Gains as Leaders Said to Agree to 50% Writedown on Greece

October 26, 2011

Oct. 27 (Bloomberg) -- The euro gained against the dollar and yen after an official said leaders are close to approving an agreement with banks on a 50 percent writedown of Greek debt.

The 17-nation currency climbed as much as 0.4 percent against the dollar and traded at $1.3924 as of 10:28 a.m. in Tokyo. The euro rose as much as 0.4 percent versus Japan’s currency and traded at 106.01 yen.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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