Thursday, November 18, 2010

EUR: Euro increases after hopes that Ireland will help the IMF

Growing optimism on hopes that the brave Irish take help from the IMF and / or the European single currency provided the impetus at night, and the euro rose to 1.3650 in early trading in London. Despite the crisis atmosphere among European financial officials, the euro took the new round of debt rolling as a collective step. Indeed, the euro without any problems ahead of the yen this month, and clearly did not give up against other leading European currencies such as pound and Swiss franc. It's like the investors say that it would be wrong not to believe that Europe will not overcome these difficulties. Time will tell whether this was a positive attitude right.

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