Euro strengthens ahead of Thursday’s summit

28 July, 2011


The Euro has gained some strength this morning, as investors juggle their concerns with the Eurozone debt crisis on one hand, and US fiscal problems on the other.

Rates for sending payments in Euros have therefore fallen slightly from yesterday’s 1-mont high. This morning’s European and German economic data was also better than expected.

European leaders are due to meet on Thursday to discuss a possible second round of bailouts for Greece.

Elsewhere, Gold prices have hit a new record high this morning as investors move to ‘safe’ assets – and as usual the same has applied to the Swiss Franc which is becoming more expensive as debt problems around the world continue.