The euro rose against the dollar after the interview on Greece

The euro rose against the dollar Wednesday after sawtooth evolved in the day, the foreign exchange market found some comfort in the assurances of Germany and France, "believe" the future of Greece in the euro area.
Around 2100 GMT (2300 Paris), the euro bought 1.3750 dollars against 1.3682 dollars on Tuesday at 2100 GMT.
The euro rose against the yen at 105.38 yen against 105.19 yen yesterday.
The dollar fell against the Japanese currency to 76.64 yen against 76.88 yen on Tuesday.
"The market is still living in fear of waking up Monday with a default of Greece. What we had - the commitment by Greece to continue its program of austerity, the declarations of France and Germany saying they see Greece in the euro area - that's what the market expected to hear, "said Ray Attrill from BNP Paribas.
German Chancellor Angela Merkel, French President Nicolas Sarkozy and Prime Minister of Greece George Papandreou held a conference call for Wednesday to review the budgetary situation of Greece, after which the currency has increased its progression.
During this discussion, Greece has expressed its "determination" to meet its commitments, while Merkel and Sarkozy said they were "convinced" that the future of the country was in the euro area, according to a statement by France.


"I did not see anything very different from what we learned in recent weeks," temperate Charles St-Arnaud, of Nomura, however, under "a certain stabilization of the risk in Europe."
The euro rose to $ 1.45 in late August to less than 1.35 dollar briefly Monday, its lowest level since February, making Ray Attrill say that the motto has become "more sensitive to good news."
"Do not much positive about the euro area to cause at least covers positions", which bounce the European currency, he said.
Athens just to implement the savings program to which the country pledged to reduce its deficit and thus trigger the payment of new aid partners.
"There are also hopes for international rescue of the euro zone, between the BRICS and other rich countries foreign exchange reserves," noted David Gilmore of Foreign Exchange Analytics.
"This supports the euro a little, but frankly there is no way to avoid a default of Greece, given the numbers game," he added.
The Brazilian Finance Minister Guido Mantega, announced Tuesday that the major emerging economies of BRIC (Brazil, Russia, India, China, South Africa) were to discuss next week the opportunity to help the European Union.
Wednesday, the Chinese premier said his country would continue to "increase its investment in Europe."
The euro has benefited from statements by Commission President José Manuel Barroso, who confirmed that his office would soon present a study on possible options to create Euro-bonds, a mechanism for sharing of debts between countries the euro area.
However, French banks were again in the crosshairs of the market, the rating agency Moody's has downgraded Credit Agricole and Societe Generale, as indicated by rumors since Monday. It left unchanged that of BNP Paribas.
By 2100 GMT, the Swiss franc remained almost stable against the euro at 1.2049 Swiss francs to the euro and rose against the greenback at 0.8760 Swiss francs to the dollar.
The British pound fell against the euro at 87.21 pence per euro, as against the greenback at 1.5765 dollar.
The Chinese currency finished at 6.3967 yuan against one dollar for 6.3988 yuan yesterday.
----------------------------------

   During Tuesday Wednesday Course

   2100 GMT 2100 GMT

   EUR / USD 1.3750 1.3682
   EUR / JPY 105.38 105.19
   EUR / CHF 1.2049 1.2038
   EUR / GBP 0.8721 0.8665
   USD / JPY 76.64 76.88
   USD / CHF 0.8760 0.8798
   GBP / USD 1.5765 1.5785