Continuous pressure on the euro last few days continued today in the morning, and at the moment, the single currency is not so far from the level at 1.30. Just four weeks ago, the euro traded above 1.40. Spreads da bonds of PIGS (Portugal, Italy, Greece and Spain) newly expanded significantly this morning. For example, the yield of Italian desyatiletok up 15 points, reaching 4.76%, the spread between the Bund was 210 points, while the yield spread against the Spanish ten-year paper yield German Bunds has reached nearly 300 points. Market sentiment towards the euro is so fragile that even the most far-fetched rumors caused an immediate reaction. This morning came the suggestion that S & P may downgrade the credit ratings of France. In November, the euro lost 6.6% against the dollar, compared with a 4.4% decline against the yen, 3.3% against the pound and 2.6% against the Australian dollar. All negativity that surrounds the euro at the moment, said that the position of the euro against other major currencies should be much worse. But this is not the case when the costs are watching closely.
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