Currency: Speculation on the ECB's intentions strengthens euro

Euro strengthened against the dollar and the yen on Tuesday morning on speculation that the ECB's president, Mario Draghi, will give the debt-ridden euro countries a helping hand by buying their bonds in the market.

According to Jean-Paul Gauze, who sits in the European Parliament for France, Mario Draghi said to the European parliament that he was open to the possibility of buying government bonds years in the market with a maturity of up to three.