New Finance Minister appointed in Greece

Friday, 17 June 2011 12:03

The 17-nation currency experienced another low yesterday when EUR/SUSD fell to 1.4070.  The Euro slightly recovered today, in friday's session, as it's trading back at 1.4165.

EUR/USD opened in today's forex trading session at 1.4135, gaining in an upwards attitude to reach a high of 1.4221; then fell back to around 1.4150.

Greek debt problem in Europe has been in the talks for a while, affecting the Euro to push away from it's lows and trade higher.  Recent news include a new Finance Minister appointed by George Papandreou.  Evangelos Venizelos was appointed to assume office as new Finance Minister, in replacement of George Papacontsantinou.