Euro declines

The deterioration, which was reportedly lending conditions for large German companies have put pressure on the euro against the dollar and the yen on weekends from Asia, among the concern that the fragile European data would increase the reluctance to take risks. Communication in the German magazine Der Spiegel, followed by the British Great Britain. Telegraph, said that a survey by German Chambers of Industry and Trade show this week that the problem of funding to go into Europe's largest economy. The players have become less favorable to the euro as their attention shifted from American to European fundamental data. "Rising tide, and some ships are better than others - economists believe Barclays Capital. - Europe remains at the end of the caravan." Yen rising against the dollar, due to fears that at a meeting of developing countries BRIC (Brazil, Russia, India, China), Russia can claim to reduce the share of dollar reserves.