Greek Euro depressed when aid is still uncertain

The euro slid against the Swiss franc on Monday and could return corrected after European finance ministers failed to provide clarity regarding the potential of Greece by delaying a decision on the next phase of financial assistance. Minister-eurozone finance ministers gave Greece two weeks from Monday to approve spending cuts and tax increases in exchange for the next emergency loan 12 billion euros, adding to pressure on Athens to control a chaotic financial situation.
After two days of crisis talks, the ministers effectively issued an ultimatum to Athens. Performance of the euro against the currencies of safe-haven Swiss franc lately reflects actual investor sentiment towards the single currency euro zone. The euro reached a session low as 1.2015 francs, according to Reuters data, before reducing the correction and closed down 0.4 percent at 1.2096 francs.
The euro earlier reached the highest levels of the session at $ 1.43280 a result of some comments from Regling EFSF. There is also optimism in the market that the Greek parliament will likely pass the savings plan and the Prime Minister of Greece George Papandreou will win a parliamentary vote of confidence in the new cabinet on Tuesday. The market will now see the results of a vote of confidence that the new Greek cabinet reshuffle on Tuesday.
However, one factor that can provide support for the euro in the short term, the U.S. Federal Reserve policy meeting later this week, traders said. The Fed is expected to restate its commitment to keep interest rates near zero in an extension of time amid new signs of recovery the U.S. has lost momentum. Fed likely to continue to reinvest profits from the bond at maturity to ensure the balance does not shrink.

The euro rose on predictions of voting terihat Greece but the increase is weak

The euro gained for the fourth consecutive session on Tuesday as investors bet the Prime Minister of Greece George Papandreou will survive a confidence vote that could help the country avoid the inability to pay off their debts. While the euro through the resistant moving average 55-day, traders said the rise in the next euro may be limited because berbagaik Greek hurdles to be overcome, including parliamentary approval of the austerity measures is important to be decided on June 28.
Papandreou must win the confidence vote if he wants to secure support for spending cuts, tax increases and the sale of state assets next step needed to help 12-billion euros from the European Union and the International Monetary Fund. The announcement was expected at 21:00 GMT and the result is likely to bring the euro strengthened slightly or sharply corrected.
In afternoon trading in New York, the euro strengthened 0.6 percent against the dollar at the level of $ 1.43920 in the electronic trading platform after hitting a session high 1.44217. The average 55-day movement is in the range of $ 1.4413. Over the past four days, the euro has appreciated more than 2 percent against the dollar. The euro earlier reduces the rise after a survey showed German investor in June negative view about the euro zone's largest economy is in more than two years, due to Greece's debt crisis and the weakening of activity indicators in the future.
The Federal Reserve held a two-day monetary policy meeting ending on Wednesday, the first held since the U.S. central bank began to weaken U.S. economic data about a month ago.