Monday saw the common currency of the European Union fall in value against the Japanese yen, the first day of losses in six trading sessions, according to Bloomberg.
For the third time in three weeks, finance ministers from the 17-nation euro bloc are set to convene in Brussels for the sake of the fiscal health of Greece, Reuters reports. The Catalonia region of Spain saw strong political support for independence during elections, contrary to the agenda of Mariano Rajoy, prime minister of the nation.
"We see relative stability for the euro into year-end, while the scale of yen selling has been somewhat excessive this month and there is risk of a near-term correction," foreign-exchange strategist Lee Hardman with Bank of Tokyo-Mitsubishi UFJ in London told the news source on Monday.
Though the most recent meeting of finance ministers, less than one week ago, lasted late into the night and left issues unresolved, analysts are optimistic about the prospects for success on Monday.
The effort is geared toward prompting international creditors to release bailout aid to Greece as the Aegean nation serves as the emblem of countries victimized by the sovereign debt crisis.
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