FOREX-Euro little changed after Greek PM speaks

The euro surrendered gains on Monday after Greek Prime Minister George Papandreou urged the Group of 20 to take the lead in efforts to rein in market speculators, warning that failure to do so could trigger another global financial crisis.

Yuan non-deliverable forwards rose to a five-week high after the Chinese central bank chief hinted China would eventually drop the dollar/yuan peg it had imposed since mid-2008 to help fight the global financial crisis.

Earlier the euro was higher amid easing concerns on Greece's fiscal problems after French President Nicolas Sarkozy on Sunday hinted at plans to support the debt-stricken country.

Read Full Article from Reuters

- Posted: 2010-03-08 11:19:18

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