Euro rallies up starts coming to an end. The reason for stopping the aggressive buying currencies on Monday, 27 September, was the emergence of new problems in Ireland. This week the country will announce the final price of redemption Anglo Irish Bank and try to allay fears of investors about the fact that the country will have to ask for help from the EU. Though currently the state estimates the size of the cost of bailouts of $ 22 billion, the rating agency Standard & Poor's believes that the payments could reach 35 billion euros, equivalent to 20% of annual GDP.
Typically, when such news, the euro lost several pieces, but not this time. The fact that this week September 28-30, European banks have to refinance much of its debt to the ECB, which collectively reach 530 billion euros, and against this background that the Europeans are buying up its currency.
Thus until the end of the week the euro will remain near current levels (1.345 dollars / euros at 9:00 GMT), but on Friday, October 1, perhaps starting a new flight to the dollar or the yen. In the first currency to expect a mass influx is not necessary. Since the Fed systematically weakens the "American", carrying out periodic verbal intervention of quantitative easing. However, the yen in the current situation does not look the best choice, since the intervention of the Japanese Central Bank has already moved from the category of literature in the actual discharge. That's the start on Friday.
