Ukrainian Globalist

Exchange rate euro becomes unpredictable. After contemplating a dizzying dives euros for 4-year lows in the confrontation with the dollar, most observers and participants in the foreign exchange market are set not a rhetorical question, what can be further trajectory of the single European currency. A couple of weeks ago in his review, I pointed out the fundamental level of $ 1.20, significantly below which the euro will not fall now.

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Bidding oil contracts ended lower on Tuesday amid falling of quotations of optimism regarding the ability of admission to the EU rescue plan to stop the debt crisis, thereby reducing demand for fuel. In New York, by the end of trading on the NYMEX, the price of oil fell by 0.43 dollar (0.56%) to 76.37 dollar per barrel.

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Exchange rate euro, which has been falling for weeks, can grow, but only for that would fall again – according to experts and currency analysts. To stabilize the financial systems of member countries of the European Union and the rapid activation of money the EU creates a pan-European crisis management fund of 750 billion euros. It was said by Minister of Finance of Spain, Elena Salgado, following an emergency meeting of the Council of EU finance ministers in Brussels.

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Euro can be saved. EU finance ministers are close to reaching an agreement on the establishment of a stabilization fund of the EU. This is a diplomatic source said on the sidelines of an emergency meeting of finance ministers of the EU. “There is a fundamental understanding, but it remains to agree on a number of details”, – said the source. He did not say whether there had been to obtain the consent of Great Britain to participate in the European Stabilization Fund.

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