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- EUR / USD: Euro is consolidating in the $ 1.3060/70
EUR / USD: Euro is consolidating in the $ 1.3060/70
The single currency can not demonstrate substantial growth on Tuesday, as the downward pressure accompanies any attempt of its growth.
After the fall, caused by rumors that France was warned of downgrade, and achieve a new low at $ 1.3055 the single currency has recovered and now back to the $ 1.3070 amid continued risk aversion.
Earlier, the euro gained against the modest position of Finance Minister of Japan is that the country will use part of its foreign exchange reserves to buy bonds issued by the European Stability Mechanism (ESM), which is the foundation of saving the eurozone.
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