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Eurozone emergency bailout fund guidelines agreed

Enabling the €500 billion European Stability Mechanism to directly help banks will be a key move in stabilising the eurozone area, says German minister

By Richard Nehme | June 24, 2013 09:54 BST
Euro continues to benefit from weaker USD
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The EUR/USD finally broke below the 1.3160 area and stretched to its lowest in 15 days as the USD saw a fresh wave of buying at the beginning of the New York session. The pair hit a fresh low of 1.3145, last seen on the 6th of June. The euro fell as interest rate differentials moved in favor of the US currency and on a re-emergence of Greece's political turmoil [...]

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