Euro gains more than 1% against dollar

The euro has risen by more than 1% against the dollar this morning, to 1.36.6, as comprehensive details of the Eurozone's €30bn contingency plan to aid Greece appear to have calmed investors.

Euro gains more than 1% against dollar

The euro has risen by more than 1% against the dollar this morning, to 1.36.6, as comprehensive details of the Eurozone's €30bn contingency plan to aid Greece appear to have calmed investors.

A loan facility will be made available to Greece in the event it can't refinance its debts on its own to prevent the Euro member defaulting.

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