Forex: The European Commission will understand how great the risks for the euro

On Wednesday morning, the situation on the forex exchange (forex) seems to be generally stable: the euro strengthened slightly against the U.S. dollar, but EUR is adjusted against other major currencies amid fears of investors about worsening Greek problems.

So, by 9:50 Moscow time the euro is worth 1.3965 against the level of 1.3962 the night before.

problems are not unique to Greece, I”m sure well-known economist Nouriel Roubini. He, meanwhile, believes that their decision would prejudge the fate of other countries who face similar difficulties.

Today the players will do another signal of the degree of risk in the market: The European Commission would give its assessment of the situation in Greef94ce. In the morning the Prime Minister said the expansion program of measures to reduce the budget: to be frozen salaries of public sector in order to increase the revenues of the budget. In addition, Papandreou spoke about plans to raise taxes on fuel and to review the whole tax strategy, re-directing it to the wealthy citizens of Greece. The Prime Minister urged people to support the initiative and warned that now is not the best time for strikes and riots.

It is clear that Greece will now seize every opportunity to not drown, but EU countries are not so skeptical about the aid - apparently examples of situations for themselves.

If today at the European Commission will hear comments, hints at long-term budget problems in Greece and will outline the possibility of a repetition of the same in the euro area as a whole, the euro will fall in there, where so carefully lifted the last two days. Investors are also willing to take risks, they need only the momentum - the slow strengthening EUR proof.

Estimated range of trades for the pair EUR /USD today - 1.3900-1.4050.

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