The single currency remained on the defensive line last night after the loss of stability on Friday. In summary, a number of factors pressuring the euro in recent days, including a disappointing lack of decisions on the basis of the EU summit, and all kinds of warnings to members of the eurozone on the downgrade. Statement by Lloyds against significant deterioration in credit quality in Ireland has not brought in on Friday or use the euro or the pound. Another reason for the sluggish euro a night was a response to the position of the ECB, which fears were expressed about how to affect the salvation of the Irish Bank on its activities from a legal perspective in the context of its location in the Eurosystem in exchange for access to liquidity. In fact, the ECB wants to make sure that if the bank that provides loans, becomes insolvent, will not be forced to deal with "haircuts. " Finally, the dollar and Swiss franc benefited from the flow of funds into "safe havens" in response to heightened tensions on the Korean peninsula, which slightly damaged the euro.
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