Euro in a funny orbit

The Euro is now moving upwards against the dollar, but is still remaining in a worrying orbit for the emergence of large weekly losses after amid concerns about the financial crisis in Greece and a possible spread to other eurozone countries.

Yesterday, the single European currency fell to its lowest level since December 2001 against the yen and 14 months low against the U.S. currency.”It is difficult to predict how markets will isolate the issue of Greece and will continue to address the issue of Greek bankruptcy,” said an analyst at RBC Capital Markets. At 13:49 (GMT), the euro / dollar rate was modulated to $ 1.2769 while the dollar / yen at 92.30 yen modulated. At a three months low were spotted European stock markets, extending losses from previous meetings.