Hopes that the European Commission will soon give its approval of Greek budget plans today may be helping the euro rally back above the $1.40 mark in early A.M. U.S. trading.
WSJ: Hopes that Athens will now reduce its deficit and avoid default on its foreign debt have helped to stabilise the spread on the country’s five-year sovereign credit-default swaps, a type of default insurance, and slightly narrowed the yield spread between its 10-year bonds and those of Germany.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.