Saturday Currency News

Euro bounces out of trough after reassurances Single currency gives back some recent gains as investors assess official action to stabilise investor confidence Mood improves as eurozone tensions ease Co-ordinated pledge by global policymakers to eurozone banks brings relief to markets but the bounce in sentiment remains fragile as worries persist Brazilian rescue plan sparks surprise Finance minister Guido Mantega's proposal for a Brics rescue of the eurozone surprised both world leaders and his compatriots Q&A: Central banks intervene in funding markets Dollar loans ease funding difficulties for eurozone institutions after US banks refuse to lend amid worries over Greek default and ratings downgrades Inmarsat surges 7% as takeover talk gathers pace Satellite operator gains 14% over week despite another regulatory delay as wider London market rises for fourth straight day