Greece bailout speculation make mighty euro to its highest level in a month
The movement of the mighty euro to its highest level versus the dollar inthe last month. The strengthening euro due to the positive outlook for the European Union which is expected to provide a new bailout package of assistance to Greece. Itwill automatically relieve anxiety debt crisis in Europe.
“The key point is Greek. We predict the Greeks could get out of debt crisis in theshort term,”said Kurt Magnus,executive director of currency sales Nomura HoldingsInc. in Sydney.
This morning, the euro rose to the position of U.S. $ 1.4658 which is the mostpowerful level since May 5. At 12:20, the euro traded at the position of U.S. $ 1.4639in Tokyo from U.S. $ 1.4635 in New York on 3 June. If faced with the yen, the euroexchange rate at the level of 117.51 from 117.48.
Meanwhile, the dollar was in the level of 80.34 yen 80.27 yen last week.
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