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Although weekend's verbal assurance from G7 finance ministers that Greece's fiscal problem will be dealt helped euro to stage a brief rebound to 1.3718 against the greenback in NZ/AUS trading, subsequent renewed selling interest pressured the pair to an intra-day low of 1.3621 in Asia. However, as German Finance Minister Wolfgang Schaeuble has expressed a degree of confidence on Greece's problems and European Central Bank Governing Council member Ewald Nowotny was quoted in newspaper Wiener Zeitung that eurozone countries should not issue joint bonds as a way to allow less solvent countries to raise debt at the expense of others, the single currency rebounded briefly in European morning before retreating on cross-inspired selling in euro and closing at 1.3650(eur/jpy declined from intra-day high of 122.78 to 121.55 and ended up at 121.84).
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