The Euro is low against the Dollar in expectation of this Thursday

The uncertainties about the aid to Greece are still affecting the Euro, today this currency is in three-week minimums. Investors are waiting the next meeting that leaders of the European union will hold on Thursday, where they expect that the aid to Greece will be defined. The Euro is now at $1,3491, slightly below his value on Friday.

“It seems that there is an agreement on a certain kind of aid to Greece, but it is unfair which form will take” and this keeps the Euro pressed by sales, explained Carl Hammer, currency strategist from SEB in declarations to Reuters.

The Euro should fall to its historical minimum against the Swiss Franc (1.40) in front of the Swiss National Bank’s passivity to stop the growth of this currency, according a report from Barclays.

China warned the United States about the sanctions on devaluation of Yuan, arguing that right now, the protectionism is threatening the global economic recovery. “the pressure for China to strengthen the yuan, isn’t good to anybody”, pointed the Commerce ministry of China, Chen Deming. The pressure on the yuan to stoop keeping an artificially low exchange rate, are increasing.

At the same time, Australian and New Zealandian Dollars are falling in from of the Euro, currencies related to raw materials are considered of high risk for his volatility.

In this point of view, the oil is partially recovering loses, the futures of West Texas, are now at $80.55 per barrel, similar levels that in the last Friday.

Gold is also lowering loses, but not in a enough measure to recover the $1100per Oz, the exchange rate is just $ 1,097, a lose by 0.8%.

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