Euro Weathers The Storm

CURRENCY SPOTLIGHT

LONDON--In a week when rumours of further G7 intervention to support the euro kept currency markets on edge, UK prime minister Tony Blair’s comment last Thursday against joining the single European currency had little impact on the euro’s value, say traders.

Blair told reporters that conditions were not right for Britain to join the monetary union in the near future. His comments added punch to the current mood of pessimism surrounding the euro’s strength.

Last Wednesday, the euro dipped to an