The U.S. currency was trading in different directions during the week on the news from Spain that this country will receive a financial aid package in the size of 100 billion Euros to stabilize the banking sector distress. The USDX Dollar Index was down to 0.9%. Nonetheless, the members of international financial markets questioned the adequacy of that sum, and against the profitability rising on the ten-year government bonds of Spain to the record levels, they once again turned to buying the U.S. currency. However, on Wednesday, June 13th, the Dollar again began to lose its positions on the outcome expectations of the parliamentary elections in Greece, scheduled for June 17th, and closer to the week’s closing it lost about 0.9%.
The EUR/USD pair tested the resistance in the area of 1.2650 during the Asian trading session on Monday, June 11th, on a wave of optimism caused by the news from Spain. However, it failed to generate a steady upward momentum and moved down to find the support only in the area of 1.2455, from which it is again listlessly moving up on the elections expectations in Greece.