At a session of the European Parliament held Wednesday July 11, the chairman of the 'Eurogroup says that ministers "do not believe that the strength of' euro could endanger growth," but the countries who feel uncomfortable with the supereuro "adds President Jean-Claude Juncker, should rather think "to act on the home front through the implementation of structural reforms that will rendano more competitive." During the night between Tuesday and Wednesday ¬ ¬ à ¨ the dollar fell to the lowest record against the euro, reaching 1.3784 and remains at levels never before seen against the European currency. The market where you sell the dollar is a market concerned about the consegunze economic crisis of loans that are adalto risk weakening the balance sheets of some credit institutions. The reports of rating agencies Moody's and Standard & Poor's have handled the night, announcing a notice of possible credit rating cut to about 17 billion dollars in bond issues in the U.S. guaranteed largely by the "subprime" CIOA ¨ loans high risk mortgage default . The descent of the dollar at 1.3784 in the night and beyond, makes it, along with other factors, to think of some analysts that the dollar is considered under pressure and can reach quotation of 1.40 against the euro. While the currency of the United States accuses a decline against the euro, draws against the yen, settling at 121.55 after it had been the lowest of the month at 121.02. but the pound levy a fine success and his rise against the dollar leads to the maximum of 26 years and stood at 2.0363. In the wake of 'weakening the dollar even the good of the refuge, the gold is rose to its highest in a month with $ 665.70 the ounce in New York, and then fall back to 665.50 / $ 666 l' oz.

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Tags: Crisis, Dell, Moody's, Mortgages, USA

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