The euro edged higher against the dollar on Friday but sentiment remained shaky after an agreement by nearly all European Union leaders to build a closer fiscal union failed to allay concerns about the region's debt crisis.
Developments in Europe's debt markets should continue to dominate the market's attention next week, while the Federal Reserve's last policy meeting of the year could prove a non-event as no new action is expected.
Twenty-six of the 27 leaders agreed to pursue tighter integration with stricter budget rules in the euro area but investors are uncertain whether and when more decisive action would be taken to stem a debt crisis that now threatens France and even economic powerhouse Germany.
SOURCE: http://reut.rs/ukIGyc
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