Euro advances on Draghi's bond-buying programme

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Source: Bloomberg
The Euro advanced versus the Japanese Yen on speculation the ECB President Mario Draghi's bond-buying programme will increase confidence in the common currency. The Euro gained against most of the major counterparts and approached a 2-month high versus the U.S. Dollar before the meetings of European officials today. The Euro rose 0.3% to 98.87 Yen and climbed 0.2% to $1.2617, after reaching $1.2638 on August 31, the highest level since July.  
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Tue, 04 Sep 2012 08:06:25 GMT

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