Remained EUR / USD close to the decline struck last week during the Asian session and as a result investors worried about what will happen in the future of Spain has put pressure on the euro, which fell to 1.2931 $, a decline of 0.3% and close to the level 1.29195 $ struck on Thursday .
Last week, hit the EUR / USD highest level in 4 months at 1.3173 $ only for loss support has declined by 1.8% by the end of this week, referring to analysts that assembly catalyst by the Fed and the European Central Bank lost steam with short positions are now likely to be built from here on out.
In Spain, it is expected that the Government provide a project plan budget 2013 in later this week, which will include structural reforms proposed and the results of stress tests on banks, many believe that this may force the government to demand officially for financial assistance from the "troika".
The European Central Bank promised to buy Spanish sovereign debt, but could not do so god that the Spanish government a formal request for assistance. However, said Spanish Economy Minister they refuse Scramble for resolution, and observers expect that this policy will not occur until after the end of next month. Also on the radar in Spain there is a possible downgrade of the state of undesirable agency Moody's debt rating, but analysts believe that this may be a catalyst for the government to help rescue contact.
