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EU austerity targets for growth starved countries ‘may be relaxed’

Message from EU finance ministers meeting in Brussels that cuts could be eased in countries such as France and Italy to help growth

By Richard Nehme | March 6, 2013 10:45 GMT
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Yesterday, the meeting of EU finance ministers convened in Brussels. The most important message from Monday’s meeting for traders was that austerity targets for growth starved countries, like France and Italy, may be relaxed. During the session, EUR/USD rose about 40 points after better than expected PMI releases from around the Eurozone. EUR/USD hit a high of 1.3075 but retreated back to 1.3007 following better than expected US Manufacturing data [...]

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