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(Reuters) - Euro zone leaders may not be able to meet international demands to ramp up their own funds for bailing out the bloc's debtors
http://uk.reuters.com/article/2012/02/25/uk-eurozone-bailout-imf-idUKTRE81O08A20120225
EUR/USD and other major currency pairs are trading higher ahead of this weekend's G20 Summit. The possibility of positive developments has driven some traders who are short euros to cover their positions. G20 summits are notorious for providing weekend headline risk even if no major decisions are made.
http://www.fx360.com/?et_cid=21074201&et_rid=wallstreet1928@gmail.com
In fact even Greek Finance Minister Venizelos believes that the CDS will be triggered. This means investors are buying euros not because default risk has decreased but because they have grown more comfortable with the possibility of default.
