Euro zone debt worries resurface to hold Euro vs low Dollar/Yen

In Asian trading today, as investor focus returns to the budgetary problems of the euro zone currency Euro extended earlier losses against the greenback after failing to break above key resistance. As reported in 2 h 51 (JST) in Tokyo, the Euro slipped against the Dollar to $1.4377, a 0.4% after another attempt to break above $1.45. The Euro also fell against the Japanese Yen, landslide 118.94 Yen trading EBS platform, adding to the losses of last week.

The most recent concern among market participants is the Finland, the regional elections of what countries last week has sent the political party of true Finns considered anti-Euro by many political observers, the Finnish Parliament.

Under the constitution of the Government, the Finnish Parliament has the constitutional right to vote on all applications of the European Union with rescue, suggesting it could contain up to the e.u. assistance specifically plans for the Portugal, and instability to create in General.

The only thing supporting up, that the Euro is at this time that this perspective, the European Central Bank to increase interest rates after a time of more recent data which showed inflation rising euro area greater than 2.7% over the same period a year earlier; economists were expecting an increase of 2.6% last month.

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