“The euro gained versus the dollar and yen as German Chancellor Angela Merkel said she is committed to the currency and European Central Bank officials backed the creation of a euro-region finance ministry.
Europe’s single currency rose against 14 of its 16 major peers tracked by Bloomberg. The yen stayed lower as Japan’s Prime Minister Naoto Kan survived a no-confidence vote after offering to step down once his work to lead a recovery from March’s earthquake is accomplished. The New Zealand dollar dropped against the euro and the yen after Fonterra Cooperative Group Ltd. said whole milk powder prices fell to a four-month low at an auction.”
If you enjoy the content at iBankCoin, please follow us on Twitter
It will be great fun watching her get turfed out by the German people in the next election.