Tengrinews TV Радио Tengri FM Радио Жұлдыз FM Laws of Kazakhstan
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
USD / KZT - 335.71
EUR / KZT - 357.36
CNY / KZT - 48.76
RUB / KZT - 5.23

Euro edges up after plunging on Greek worries

07 march 2012, 13:43
©REUTERS/Dinuka Liyanawatte
©REUTERS/Dinuka Liyanawatte
The euro edged up against the dollar and yen in Asia on Wednesday after plunging overnight on worries over the Greek debt swap and a warning of a mild eurozone recession, AFP reports.

The euro was trading at $1.3140 and 106.23 yen in Tokyo morning trade, up from $1.3113 and 106.06 yen in New York late Tuesday. The dollar was at 80.92 yen, almost unchanged from New York.

The euro firmed as some investors appeared to have bought the common currency in relatively sizable volume, taking advantage of its recent fall, a dealer at a Japanese bank told Dow Jones Newswires.

The euro's gain came despite growing uncertainty over Greece's debt swap deal and fears of a disorderly default.

As Thursday night's deadline draws closer, concerns that not enough of Greece's creditors will sign on to the country's crucial debt swap brought new worries to the fragile eurozone and hit the euro.

The deal would be essentially a 107-billion-euro ($140 billion) writedown of Athens' bonds.

A new full-year eurozone growth estimate of 1.4 percent for 2011 was also issued by the EU statistics office Eurostat, which had previously estimated 1.5-percent growth, following an expansion of 1.9 percent in 2010.

The overall picture pointed to a double-dip recession within three years in the eurozone, which has been undermined by uncertainty arising from the debt crisis.

Add comment
Most Read
Most Discussed