Euro appreciates ahead of European summit

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy

The European common currency appreciated versus its major counterparts, as Italy improved its deficit reduction plan ahead of European summit on Eurozone's debt crisis. Italian PM reported plan for austerity measures worth €30 bn euros. Euro gained 0.1% both against US dollar and Japanese yen reaching $1.3404 and ВҐ104.51 respectively in Tokyo trade. EUR/USD currently is trading at $1.3408 while EUR/JPY is trading at ВҐ104.55. 

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