On late morning trading is like before the euro exchange rate to be reduced against the U.S. dollar (12/03). The euro fell for the first time in three trading days at the end of this week due to the growing speculation that the next meeting of European officials to be able to overcome the debt crisis in the euro area.
Euro started to move lower has increased by 1.5% from lows reached in healthy seven weeks of the November 25. It occurred after the euro a joint central bank steps in the provision of liquidity, which is one step to overcome the credit squeeze in the European region.
It has been a big chaos and problems for Euro in holds of the recent happenings in europe and especially that the economic position in Europe has become worst. The euro appreciated by 0.5% in late trading and closed at 1.3391 dollars. A week later the currency increased by 1.2%.
Market participants began to re-consider the risk of rupture of the European debt crisis during the last three days after exposure euphoria combined action of central banks. The market is currently focused on meeting the Principals that the euro held on December 9.
Money and Trade Research Analysts estimate that the movement of the euro business tends to experience a small correction in the coming days will expire as of the beginning of a positive attitude brought about and acting together is the central bank the hope of the positive waves of thought emerge will be a positive impact for Euro as well.
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