Prime Minister Donald Tusk said he expected his government to approve on Wednesday its updated euro convergence plan after the junior coalition partner raised concerns over a proposed pension reform.

 

Feb. 2 (Bloomberg) — Polish Prime Minister Donald Tusk asked ministers to provide “clarifications” on a draft plan for cutting the budget deficit by more than half within two years to adopt the euro as soon as in 2014.

 

Polish Government Doesn’t OK Revised Euro Convergence Plan

 

The Japanese Yen bounced back against the greenback and is the best performing currency on Tuesday, while the Australian dollar tumbled lower during the overnight trade as the Reserve Bank of Australia unexpectedly held the benchmark interest rate at 3.75%.