Friday's Currency News

Euro strengthens on central banks' action The single currency surges after central banks joined forces to provide liquidity. The SNB signals further moves to rein in the Swiss franc Asian shares gain on central banks' move Co-ordinated pledge by global policymakers to eurozone banks brings relief to markets but the bounce in sentiment remains fragile as worries persist ECB fires salvo at German critics Trichet defends swift co-ordinated action to calm market nerves, overshadowing Stark's call for 'consequences' for Greece Eurozone: dollar relief staves off drought Unless the dollar support continues next year, the drought will return. Only decisive action by policymakers can stop that Markets cool as reality of measures sinks in Analysts and regulators believe only a radical policy shift is likely to be able to settle markets fundamentally