UFXMarkets *Weekly FX Currency Trading News* 04-December-2011
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- For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube... The Euro has advanced for first time since October before the crisis summit, while the US Dollar dropped. The euro zone currency advanced for the first time in 5 weeks against the USD as 6 central banks -including the Federal Reserve- acted to make more funds readily available to lenders to halt Europe's debt crisis from intensifying. Gains in the shared currency were assuaged by concern a meeting of European leaders next week will not be able to stop the 2-year-old crisis that started in Greece. Stocks and commodities rebounded from two weeks of losses as the Greenback and the Japanese Yen were the biggest losers as demand for safety decreased. The euro rose 1.17 percent to 1.3391 closing on Friday, its first weekly gain since the five days ended October 28th.
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