Monday, July 11, 2011

The euro is under pressure again after the emergence of debt problems of the Italian

The euro reached its lowest level in two weeks against the safe-haven currencies in Asian trading today with the threat of an emergency by meeting the decision makers in the European Union and a focus on infection of peripheral concern in Italy, which is the third largest economies of the European Union. Increased revenue bonds granted to the Italian debt to record highs, suggesting investors that the situation in Italy can be attached to Greece soon. 

As received from Tokyo at exactly at 12:39 pm (depending on timing standard Japanese), The euro fell against the U.S. Dollar to $ 1.4201 a decrease by 0.4%, but above the lowest level reached him during the past two weeks at $ 1.4187, which reached him on the platform EBS trading. And the euro has lost 0.2% against the Swiss franc, which traded at 1.1909 Swiss francs, near its lowest level it reached against the Swiss franc last month at 1.1808 Swiss francs on the platform EBS. A strategic view of the Tokyo Forex in that the fear of risk is likely to lead to poor performance of the euro in the near future. 

Despite the dismal U.S. employment report released on Friday, the U.S. dollar gets some support, although it is practically a weakness in the euro rather than the strength in the dollar. U.S. Dollar Index, a gauge which measures the strength of the dollar against a basket of other major currencies, rose to 75.332 DXY of 74.843 DXY, who arrived in New York during the trading session on Friday

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