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(Best Syndication News) The Euro gained against the dollar while the Yen fell away, reversing the Forex trend last week (see charts below). On Monday of last week the Euro was .7578 per dollar and on Friday it was .784. Today it was .7812 per dollar.
Euro
After weeks of protests, the German legislature approved their portion of a EU100 billion bailout package for Greece. The dollar and Yen benefited from the chaos in Europe last week.
There is another bailout package, according to Bloomberg. European finance ministers held a 14-hour meeting over the weekend and announced early Monday they would create a EU750 billion ($973 billion or more) aid package. There were fears that the central bank would fall apart or the union would fail because of the fiscal crisis.
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