Monday, July 9, 2012

0 Fall of the euro after European demands from Greece

LONDON (Reuters) - The euro fell from its highest level in two months on Friday after the demands of the euro zone finance ministers of Greece further proceedings before agreeing to give a second rescue plan, which prevent Athens from the repayment of debt and hurt turnout at risk.

The euro fell 0.1 % during the day to $ 1.3270 , down from its highest level in two months when it's record of $ 1.3322 on Thursday. The euro failed to break his average in 100 days at $ 1.3330 , which has not surpassed since late October.

Dealers are speaking for the sale of profit-taking as one of the reasons for falling euro. The single currency rose nearly 5 % of the lowest level in 17 months at $ 1.2625 , while the market is betting on the success of Greece to get the second rescue package.

Against the Japanese Yen and the Euro fell about 0.3 % during the day to 102.89 yen, down slightly from its highest price in two months that his record yesterday at 103.28 yen.

The dollar was steady, but it was little changed against the yen at 77.58 yen, which considered its highest close in two weeks.

The Australian dollar fell 0.9 % to U.S. $ 1.0695 after the Reserve Bank of Australia said in a statement quarterly that he might seek to cut rates if the economy slowed significantly.


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