At the auction on Monday against the background of general improvement in sentiment in global markets, the euro and other higher-yielding currencies have demonstrated growth, crowding, so the U.S. dollar further away from his achievements in the last week of months of highs.
The increase optimism of investors contributed to the decision last week EU leaders in Brussels on the necessity of participation of the International Monetary Fund (IMF) in financial assistance to Greece.
The agreement between the EU and the IMF on the question of Greece allowed the euro, together with other higher-yielding currencies bounce from its lows and go on the offensive, which was partly caused by a massive profit-taking and the closure of long positions on dollar large investors.
At the same time risk appetite increased after the Greek Government announced its intention to attract 5 billion euros by issuing seven-year bonds. Experts note that the proceeds from these bonds will have to help Greece to implement appropriate debt payments as early as next month।
