Euro pushed higher after common agreement between France and Germany

Thursday, 21 July 2011 11:33

French president Sarkozy and German Chancellor Merkel made an agreement between each other over the Greek economic debt crisis.  The details of the agreement are yet unknown untill later today when the EU economic summit will be held in Brussels.

This news gives a positive attitude to the European nation, as the Euro is shooting up for the third day in a row.  The 17-nation currency hit a week high of 1.4273 from a low of 1.4208, versus the U.S Dollar.  Currently the pair is trading a little under its high, at 1.4252. 

The Euro is trading at 0.8814 against the British Pound.