Tue, 05 Jun 2012 11:36:21 GMT
Euro bounces back above USD1.25 ahead of G7 meeting
The euro climbed above the psychologically significant level of
USD1.25 amid rising optimism that at a meeting later today world leaders will
insist on more policy action to solve the debt crisis. The euro touched
USD1.2525, up from USD1.2493 on Monday, but failed to keep its position above
USD1.25. Even this modest improvement will probably be only temporary, if G7
finance ministers and central bank