Euro: The triumph of hope over misfortune

Spur the message that Ireland asks for aid package of about 100 billion euros showed excellent dynamics at night, trading only slightly below 1.38 in early trading in London. Ireland has provided assistance to the inevitability of some investors' confidence in the ability of the single currency ahead of all other major currencies (see chart).

As we noted in a few trading sessions, the dynamics of the euro was a triumph of hope in the face of adversity. Few doubted the high probability of such an outcome a week ago. It's complacency or lull before the storm? Soon find out. Now the euro if a Teflon coating. News on international financial support for Ireland and the subsequent growth of the euro, other currencies have had, such as a pound or Aussie, support, first rose to 1.6060, while the second - to 0.9950. Major losses occurred in the night, the kiwi, which was struck by a blow from the S & P, revised upward outlook on foreign currency denominated debt of New Zealand to negative from stable.

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