The euro fell and recorded 17 months earlier lows against the Swiss franc

While the euro was stable during this morning shows some tension, since from Greece says that budget cuts may not be implemented if they involve an extremely high cost for the country. Since the crisis began in February the Greek, the European currency showed significant losses during the day yesterday as Greece appears to be unable to meet their obligations. $ The euro rose to 1.3620 $ compared to 1.3735 before and fell 0.9 % against the Japanese yen, reaching a value of

122.95 .

Meanwhile, against the Swiss franc, the European currency fell to a 17 months ago after officials of the Swiss National Bank said Thursday that both enterprises and consumers should prepare for a possible increase in the cost of borrowing, since interest rates can not remain forever at least discussed. The euro hit the

1.4390 against the Swiss franc compared to the 1.4355 previous level not seen since October 2008 .

In any case we must remember that the euro continues to lose ground against other major currencies over the deterioration of the Greek situation. Uncertainty remains as to how this situation will be resolved. Today will be a calm day in terms of publications planned, therefore, investors will be handled based on expectations. The euro may find a support level in $

1.3500 .

Source: Forexyard.com

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