The euro tumbled today after an EU summit in which traders were frustrated by lack of initiative from other bloc’s members to help Greece to prevent its budget crisis to worsen, impacting the continent’s single currency attractiveness, as the region’s economic outlook remains uncertain.
After an European Union summit held today in which government officials didn’t provide concrete measures to help Greece to end its fiscal crisis, the euro pared its early gains this week versus
The European Central Bank lack of concrete attitudes and support towards Greece fuels speculations that the budget crisis in the country might spread to other member countries which are already facing a serious deficit scenario, and this is weighting for another day in the euro’s price.
EUR/USD traded at 1.3678 as of 19:01 GMT from a previous rate of 1.3735. EUR/AUD traded at 1.5358 from 1.5686.
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