Fisher Capital Management Investment Solutions: Euro Climbs to Highest in Three Weeks on Optimism for Greek Aid; Yen Drops

Fisher Capital Management Investment Solutions: Euro Climbs to Highest in Three Weeks on Optimism for Greek Aid; Yen Drops http://www. bloomberg. com/news/2011-05-30/euro-rises-to-three-week-high-onoptimism-germany-to-support-new-greek-aid. html By Catarina... More

Fisher Capital Management Investment Solutions: Euro Climbs to Highest in Three Weeks on Optimism for Greek Aid; Yen Drops http://www. bloomberg. com/news/2011-05-30/euro-rises-to-three-week-high-onoptimism-germany-to-support-new-greek-aid. html By Catarina Saraiva - May 31, 2011 2:18 PM PT The euro rose to a three-week high against the dollar on speculation European officials willapprove additional aid to Greece next month, dimming prospects for a sovereigndebt restructuring. The shared currency pared its first monthly loss since November after Luxembourg Prime Minister Jean-Claude Juncker said the region’s leaders will decide on a new aid package by the end of June and have ruled out a “totalrestructuring”of Greece’s debt. Currencies of commodity-exporting countries climbed as investors sought higheryielding assets. “Euro strength is back on further Greece solutions,”said Fabian Eliasson, head of U. S. currency sales at Mizuho Financial Group Inc. in New York. “For now, markets Less