Foreign currency exchange trading for the euro


Foreign currency exchange trading for the euro today June 21st has seen improvements have been seen against the yen and the dollar but the currency is unlikely to edge much higher.

That is according to chief manager of foreign exchange trading at Mitsubishi UFJ Morgan Stanley Securities Minoru Shioiri, who is quoted by the Wall Street Journal as saying it "doesn't have the power to go up much more sharply today".

He added the euro was unlikely to do so because the experts are awaiting further information regarding the economic situation in Greece.

Late Monday evening in New York the single currency traded at $1.4304, but by 04:50 GMT it had reached $1.4341.

Analysts may now be waiting on information about whether the Greek government will agree to measures to tackle the debt problem, a move they need to make to receive further financial bailouts.

Writing in the Daily Telegraph, Mayor of London Boris Johnson recently called on Greece to stop using the euro.

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