Greek problem pulling the euro at the bottom

Dollar appreciated against the euro at the auctions on Thursday, after European leaders announced their willingness to help Greece, however, not directly but indirectly. Euro 1.3792 down from the level achieved at the end of the trading day on Wednesday, to 1.3640. Recall that the single currency last week reached an eight-month low amid fears about whether the financial problems of Greece and other European Union countries can at best reduce the region and, at worst - lead to a financial crisis. In the past few days, politicians have been trying to dispel fears that the euro has helped to restore the position. However, many analysts still consider Greece a stone on his neck euro. Traders are closely watching the developments. "We believe that the entire scenario of rescue - a double-edged sword, with the assistance given will still come for the euro side, but in the long run," - noted the strategy of Bank of New York Mellon.