Markets recover after ECB pumps in almost $1 trillion to restore faith
May 10, 2010 at 09:00 AM EDT
G10 Advancers and Decliners vs USDEUR 1.54 CHF 0.71 GBP 0.67 JPY -1.13The EURUSD rose for a second day as EU finance ministers put together an unprecedented loan package worth nearly $1 trillion for debt-swamped governments to restore faith in the common currency. The EUR advanced against most of its counterparts after EU pledged to make loans of as much as 750 billion EUR ($964 billion) available to countries under attack from speculators. The EURUSD advanced to… Read More …
