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11/15/10

Euro currency close to its lowest level in 6 weeks


Euro currency close to its lowest level in 6 weeks 
Sources Bloomberg, in Tokyo said the euro traded near six-week low against the dollar amid denials of Ireland that the Irish is looking for help before the meeting of European finance chiefs next few days 

 Euro currencies weakened against the dollar after the Australian and New Zealand, Minister of Commerce of Ireland, Batt O'Keeffe yesterday asserted, does not need an injection of fresh funds. 

"The euro easily corrected if there is a risk of the bailout in some countries. The market they choose to sell the euro and return to the dollar, "said Kazayuki Kato, Mizuho Trust & Banking Co., Tokyo 

Euro used by 16 countries of the European Union in the level of US. $ 1.3683 at 8:02 in Tokyo from .US. $ 1.3691 in New York on 12 November and had touched US. $ 1.3574, its lowest since September 16 

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