Forex Market Save Euro, But Outlook Not Optimistic

[sarahfx]

The EU and IMF published a rescue programme plan which reaches up to 750 billion euro funds, but it is still hardly convinced the investors. The euro against dollar down speedily and touch its lowest point for 4 years, and the forex rate is in a state of free-falling. However, the situation changed toward better than before, the forex market spreaded the rumor that ECB would take measures to interfere the forex market to hold back the trend of euro’s down. Meanwhile, the EU and high-ranking officials of ECB gave speech to support the euro, so the euro against dollar gains more adequate increasing ability.