Market Moving News: EUR/USD - Mar 2

 @ibtimes on March 02 2010 12:05 AM

Eur/usd - 1.3660 .... Despite euro's brief drop to around 1.3559 after the release of much weaker-than-expected U.S. new homes sales data which dropped by 7.2% to 5.05 mln units (forecast was an increase of 1.0% to 5.50 mln units), the single currency rallied to a high of 1.3674 on a Bloomberg report citing four unidentified German lawmakers that Germany may buy Greek bonds through lender KfW Group. The report also indicated that KfW's actions wud be part of the European plan to aid Greece with as much as 25 billion euros.

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