according to icon finance on April 8, in the last trading day of the foreign exchange market Portugal caretaker Prime Minister Socrates announced on 6th, Portugal has decided to request financial aid from the EU to address Portugal faced debt problems. Several months of Socrates has been resisting pressure from the market and the EU Member States, defence said in his speech, after Congress voted against a new austerity plan, Portugal has the necessary required financial aid. He said the Congress voted against the savings plans, led to Portugal's financial situation deteriorated.
yesterday European Central Bank announced interest rate resolution, as market expected by material interest rates 25 a basis points, benchmark interest rate rose to 1.25%, because market has expected to European Central Bank will interest rates 25 a basis points, so interest rate meeting announced Hou, euro and no appears substantially rose of trend, while will Hou special in thanks speech said, current currency level relative loose, Central Bank has necessary by interest rates to prevent inflation, but does not representative European Central Bank has entered interest rates cycle has, appeal remarks said European Central Bank short-term within will does not then interest rates, this order euro lost has continued rose of power, because Europe a to money overdraft interest rates of good this interest rates brings of boost effect inevitable limited, and in eurozone debt crisis has may again upgrade, euro will may began go potential downward. Portugal provisional Government for assistance from the EU, Greece and Ireland footsteps on the road to seek emergency assistance.
$ index above 75.8 resistance still limit the dollar's rebound, only firm above 76, dollar rebound will only expand in space. Short-term support at 75.5 today, important support 75.25 short, until you have dropped below 75, dollar continue to substantially decline may not be very big.
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