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The euro and the dollar struggle together

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The euro fell on Monday 1.2 percent vs the safe -haven Swiss franc.
It also lost 1.7 percent versus the yen.
The U.S dollar dropped against the Swiss franc, it fell 0.8 percent to 77.79 yen.

We can see lately that there is a constant battle between the central banks and the bond vigilantes. And it affects the credit markets in Spain and Italy for sure.

A promise to remember

The worlds industrial powers pledged to take whatever actions were needed to steady the financial markets. Camilla Sutton, a senior currency strategist said that the central banks dont have the tools or possibilities to solve problems concerning this kind of advanced economy matters. Analysts also fear that the dollar will remain weak and they see a chance that the U.S currency will depreciate more than the euro, versus a range of currencies.

Latest Euro Foreign Exchange Rates

One UK pound sterling exchange 1.14660 per euro at 09:28 GMT today, while one pound will buy 1.64140 US dollars.