Currencies  |  March 18, 2013 19:39:05

Euro is recovering

After povíkendové hysteria as the euro for Cyprus failed, and began trading week with unusually large gape on all currency pairs related to it, on Monday the situation more or less consolidated and its loss euro either completely wiped out, or at least significantly corrected. The couple with the U.S. dollar value of the euro reached the middle of the gap and pair with the Swiss franc gap is completely filled.

Rescue Cyprus conditional tax savings in banks is really unique. Given the collapse of the euro is seen that it will all be interpreted as uncertainty and risk of deposits or in other countries of the Eurozone. If this will mean a significant departure from the euro and investors move to safer currencies like the dollar or the Japanese yen is shown in the next few moments.Meanwhile the euro keeps its position and the situation around Cyprus will depend on his fate.

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