European Union leaders will today back an EU commission plan for swift disbursement of the next instalment of aid for Latvia, according to a final draft of an EU summit declaration.
Latvia is waiting for a decision by the IMF and the EU commission on whether it will receive the second 1.2 bln euro tranche of an aid package from the two institutions.
EUR/USD had ticked higher in early Europea trade, presently at 1.3940, with general risk sentiment in pretty good shape. The above news will also lend EUR/USD some support.
