Euro arrived earlier to its highest level during the month against the U.S. dollar after the confirmation and Moody's credit rating Spanish rather than reduced to the level of "undesirable" as it was expected. This helped to lift sentiment as it refuted immediate risks related to the high costs of borrowing by the Spanish bond auction tomorrow.
As reported from Tokyo at 12:50 Japan time, trading the EUR / USD at higher by 0.3% at $ 1.3091, down from $ 1.3125, the highest level for the pair through nearly a month. Traders say they will remain cautious in the short term, where there are no reasons for any great optimism.
Even with the approaching summit and EU finance ministers and leaders of the European Union, the expectations low and you think that majority will produce little of value. Real hope is to make Spain formal request for assistance during the summit, but most analysts agree that this is unlikely.
The euro was also up against the Japanese yen, as the euro against the yen to its highest level during the month yesterday, when it reached 103.51 yen. The pair is currently trading at 102.99. Yen continues in being flexible with the advent of expectations BOJ intervention again.
As reported from Tokyo at 12:50 Japan time, trading the EUR / USD at higher by 0.3% at $ 1.3091, down from $ 1.3125, the highest level for the pair through nearly a month. Traders say they will remain cautious in the short term, where there are no reasons for any great optimism.
Even with the approaching summit and EU finance ministers and leaders of the European Union, the expectations low and you think that majority will produce little of value. Real hope is to make Spain formal request for assistance during the summit, but most analysts agree that this is unlikely.
The euro was also up against the Japanese yen, as the euro against the yen to its highest level during the month yesterday, when it reached 103.51 yen. The pair is currently trading at 102.99. Yen continues in being flexible with the advent of expectations BOJ intervention again.
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