Euro climbs to highest level in four weeks against Dollar ahead of ECB rate decision

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Source: Reuters
The 17-nation currency reached the strongest level in four weeks versus U.S. Dollar on Thursday ahead of European Central Bank meeting on maintaining the interest rates unchanged. The common currency advanced 0.2% to $1.3127, the strongest level since May 9. The Eurozone's currency's rise pulled the greenback to 82.394, the weakest level in four weeks.
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Thu, 06 Jun 2013 09:22:08 GMT

Latvia will be poorest member of Eurozone

Five years ago Latvia had the highest inflation rate in the European Union and the wages in this Baltic country are more than four times lower compared to Germany; however, the ECB announced that Latvia can join the Eurozone. The real GDP per capita in Latvia is 6,800 Euros ($8,900), making it the poorest country to join the shared currency

Thu, 06 Jun 2013 08:49:05 GMT

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European shares remained steady, as the benchmark Stoxx Europe 600 Index yesterday slipped to the lowest level in six weeks, after investors expected information from the European Central Bank and Bank of England. U.S. share index futures increased, while Asian stocks fell. The Stoxx 600 advanced about 0.1% to 295.19 and the Standard & Poor's 500 Index futures climbed 0.3%.

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