Euro tests new lows

Foreign Exchange Market Finansy15-05-2010 Euro tests new lows single European currency continues to be under pressure. On Friday, the euro updated the minimum values, breaking level of $ 1.25. Investors are worried that even the ambitious package of measures adopted by the ECB, to help Greece and the countries that find themselves in a similar situation. Analysts predict that next week the euro will continue to test the lows. Earlier this week, it seemed that the worst for the euro over. After it became aware of the decision of the EU and the International Monetary Fund to create a special mechanism of financial support for the European region (750 billion euros), quotes a single currency jumped to $ 1.30. But as analysts note, "Kalita-Finans", players optimistic for a long time still was not enough. Euro again began to be adjusted downward. Investors tried to comprehend the current situation and arrive at the most comforting conclusions. By the evening of Friday, the euro was worth $ 1.2483. In addition to creating a stabilization fund, there was another solution, which in the long term can play a cruel joke with the euro. ECB decided to buy up sovereign bonds Greece, Portugal, Spain and other countries.