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Euro steadies but remains under pressure
The euro steadied in Asian trade on Thursday but remained under pressure after reported comments by German Chancellor Angela Merkel rekindled fears about the euro zone debt crisis. "We have not yet shaped the European project in a way that we can be sure that everything will turn out well, we still have work to do," Merkel said in an interview posted on her Christian Democratic Union party's website, according to a media report. Although she added that she was "optimistic that we will succeed," her remarks helped push the euro to a session low against the greenback, a record low against the Australian dollar ... (full story)
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