After the dramatic events surrounding Ireland in the last few days, on Tuesday, finally, an event that diverted attention from the euro. Firstly, it is an event in North and South Korea, which set the tone for the dollar and contributed to lower the single currency, but compared to other major currencies, the euro quite well behaved. This was facilitated by the latest data PMI. Preliminary data for November show an improvement in picture production (growth up to 55.5 from 54.6) and the service sector (an increase from 56.0 to 58.6). Composite index is thus reversed after four months of falling leading indicators and, at least, gave some hope for the defending euro-zone economy. In addition, the delegation of EU / IMF / ECB, based in Greece, approved the next tranche. Nevertheless, there is a sense that the euro felt a little more comfortable after an agreement in Ireland, not least because of the threat of dissolution of the coalition, and because many of the remaining obstacles in Ireland and other countries. These difficulties include the recapitalization of banks, reforms in an uncertain union measures to contain infection, forcing the institutional reforms in the euro area, at least, reduce the likelihood of another crisis.
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