Monday, May 21, 2012
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EU hopes to conclude Greece aid talks "in days"

The EU should complete talks with Greece on an aid package "in days", Economic and Monetary Affairs Commissioner Olli Rehn said on Thursday, but did not provide details other than saying it would be a multi-annual programme. >>

No 2011 loan amount set for Greece yet-EU exec

The amount of possible emergency loans to Greece from the euro zone next year has not yet been set or discussed, the European Commission said on Wednesday. >>

Euro extends losses vs dollar on Merkel comments

The euro extended losses against the dollar on Monday after Germany's chancellor said Greece must commit to further savings measures before Germany can approve emergency aid. >>

FOREX-Yen under pressure, Canada dlr flies to 22-mth peak

The yen hovered near the day's lows on Wednesday as strong U.S. earnings and gains in Asian stocks fed a rebound in commodity and other currencies, while the Canadian dollar climbed to its highest in nearly two years.

The euro, still battling worries about debt-laden Greece, struggled as selling against the yen said to be related to bond redemptions kept it at its lowest in two weeks on the dollar. >>

 

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