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The European currency hit a week low at 1.4253 against the American currency. Analysts are saying that the euro will probably stay at around the 1.45- line unless shaky news such as a rate hike renewal hits from the European Central Bank. Speculation about the a Greek bailout plan was also one of the factors affecting the euro, though it is yet unknown whether a bailout package for Greece will indeed be put forward.

May 11, 2011 MegaTraderFX -

EUR keeps it between the lines of 1.44

The European currency hit a week low at 1.4253 against the American currency. Analysts are saying that the euro will probably stay at around the 1.44- line unless shaky news such as a rate hike renewal hits from the European Central Bank.

Speculation about the a Greek bailout plan was also one of the factors affecting the euro, though it is yet unknown whether a bailout package for Greece will indeed be put forward.

EUR/USD is currently trading at 1.4406

EUR/GBP is trading at 0.8784

Further news are expected later today by the Bank of England about inflation and interest rates.

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