High Dollar for Euro

Stop Fundamentalism – Reuters reported today that the value of Euro has jumped to highest of its value during the past seven weeks. 

Observers credit the sudden jump to efforts made by Spain to acquire international help from the countries in the Euro Zone in cutting its borrowing costs.  While Madrid has not yet made its decision on the details of its request, receiving financial support has already made its impact on the value of Euro currency.

Euro was traded at $1.2583 today at 15:00 GMT which is this currency’s highest value since July.