Yesterday did not start very well for the single currency. The downgrade of Spain, ads on Irish banks, fears of Portugal and a substantial sale of EUR / GBP put pressure on the euro. Nevertheless, during the day the pressure eased, helped by Asian purchases of securities by the end of the month, and the mighty German labor market data, which increased the euro to 1.3676. In September the euro grew by ten figures against the dollar, but it's pretty impressive. This morning, the weak German retail sales data did not change the situation, but usually it leads to substantial revision. Traders are back to the risk after the end of the month, while China and Hong Kong will come next week.
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