BTMU on the situation of the single currency

Eurozone inflation report failed to support the single currency. Referring to the level of $ 1.3547, euro / dollar was faced with active sales, which dragged him to the area of ​​$ 1.3515. According to analysts at Bank of Tokyo-Mitsubishi UFJ, upward correction of the single currency coming to an end. They note that even a positive outcome of the German parliament vote on the plan EFSF can not have a significant impact on the mood of investors, as well as the economic prospects of the euro area. Bank employees are reminded that the plan to amend the EFSF was announced on July 21, after which the stock market began active sales. In general, a bank hold a pessimistic outlook for the euro area. Current euro / dollar $ 1.3524.