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Currency change report 27th February 2012: will the G20 lend more money to Europe?

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Germany and Finland will vote on approving the second Greek bailout package respectively today and on the 29th of february, European Union heads of government will then monitor the summit in Brussels on the first of march. Leaders of the euro-zone said they will decide whether to lift the 500 billion euro limit to bailout funding.

G20 nations, refused to come to a new European rescue saying any decision on outside help will impact euro governments delivering more financial firepower to them…

The euro is strong despite concerns over new G20 funding to support other countries in crisis in
 the euro-zone like Portugal or Spain.

The yen went to a nine months low against the dollar breaking key chart level whch triggered stop-loss selling orders.

Have a nice day


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