Euro Advances –

The Euro advanced today after a pledge by German Chancellor Angela Merkel and French President Sarkozy to create a plan to recapitalize the banks and address the Greek debt load.  Traders sent the Euro 2% higher against the Dollar in afternoon trading.  The increase could be temporary if a satisfactory solution to the Euro zone debt is not reached in the coming weeks.

To read a related Bloomberg article, please click here:

James Sutliff

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