The euro declined, though remained above the opening price, following its previous advance on the speculation that the European Union would receive the investment from China, which may help it to deal with the debt crisis.
China’s Vice Premier Wang Qishan said that his nation has performed “concrete action” to help the EU to battle its crisis. He also said at the forum in Beijing today:
EU members have taken a number of steps to actively respond to the
sovereign-debt crisis. We hope these measures will quickly produce results and lead to a steady recovery of the EU economies.
EUR/USD traded near 1.3157 as of 11:47 GMT today after it opened at 1.3128 and jumped to the intraday high of 1.3201. EUR/JPY traded at 110.05, falling from the intraday high of 110.48, but remaining above the opening rate of 109.98.
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