Because of Italy, the Euro fell to its lowest point in 11 Months
The single currency the euro to fall to the point of the lowest levels in 11 months of the US dollar under the level of US $ 1.30, fuelled concerns over Italy's ability to keep the stability of the finansialnya.
In trading Wednesday (28/11/2011), the euro slumped after the U.S. financial market was opened up to the point of US $ 1,2912, before recovering slightly. The Euro was traded at the level $ 1,2934, weakened than ever before at the US $ 1,3070.
"With concerns about European debt crisis concerns continue to overshadow, the opening of trading US stocks open flow into a safe investment and the movement to safe haven currencies such as yen and u.s. dollars," explained Mark Deans, analyst from MoneyCorp as quoted from AFP, Thursday (29/12/2011).
Securities auctions managed to rake in Italy before the Fund up to 9 billion euros (US $ 11.8 billion) with an interest rate for bonds 3,251% 6 months, or half of Italy paid in November of 6,504%. Yet analysts predict European banks made the cost of the debentures Italy terliat cheap by using money loans from the European Central Bank.
Sentiment to sour when the yield of bonds futures Italy surged up to 10 years 6.9%, thus increasing concerns over the Roman plan to sell more valuable papers on Thursday.
"The market there are still Concerns there after considering auction Securities Futures 10 years for the trading session tomorrow (Thursday)," explained Deans.
He added, the thin trading conditions ahead of the end of the year has also sparked a movement in the Forex market.
The Euro weakened to 100,80 yen recorded than ever at 101,77 yen. U.s. dollars are in yen, up compared 77,90 previously on 77,88.
