The euro reached the highest price in more than two weeks against the US dollar today as European financial ministers discuss measures for dealing with the region’s fiscal crisis.
European officials are meeting in Brussels to discuss a Greek debt swap and new rules for preventing financial turmoil. Greece is rumored to near an agreement with private bondholders on swapping bonds to new ones with lower yield. Germany proposed to use both temporary and permanent bailout funds simultaneously.
EUR/USD climbed from 1.2877 to 1.3013, following an advance to 1.3030 — the highest price since January 4, and EUR/JPY went from 99.09 up to 100.04 as of 13:29 GMT today.
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