[Breaking News] European leaders agree to allow a permanent bailout fund.

greenback

The new facility, known as the ESM, will take over in 2013 from the existing EU440B EFSF. Details, such as the size of the fund, whether bondholders will take haircuts, or more stringent rules for profligate nations, are not yet agreed on.

Here is the full coverage ...
http://www.nytimes.com/2010/12/17/business/global/17summit.html?_r=1&src=twrhp

greenback

This explains the reversal in EUR and the decline of USD, which helped the market before the close.

humbletrader

to da moon!!!

revolver

this is actually, not something a news. peripheral countries, with the support from u.s.,has been demanding a detailed long-term solution from core nations in this meeting. but apparently, germany-france didn't commit to anything concrete at all.

coexist