The euro rose against all its major counterparts as speculation increased that European policy makers will craft a long-term approach to handle the region’s sovereign-debt crisis...
The euro rose 1.7 percent to $1.3621, from $1.3388 Jan. 14. It touched $1.3626 yesterday, the highest since Nov. 23. The 17- nation currency climbed 1.4 percent to 112.48 yen, from 110.94 last week. The dollar fell 0.4 percent to 82.57 yen, from 82.87.--
Bloomberg
Comment: It looks as if markets finally get it. Yet with so many incompetents in high positions anything is always possible. Absurdities now are the "new normal" in all segments of the financial markets.
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