EUR/USD

The single currency doesn’t feel like growing, which increases the risk that it will be pushed down. The European summit demonstrated an unexpectedly strong resistance of the UK to the closer European integration. Before the Summit the mass media and politicians had been building up a stir over it, calling this event crucial for the euro. But as always the miracle did not happen. Though there were some positive shifts. The European Central banks have agreed to grant the IMF loans, which may eventually be spent to rescue the troubled countries. Yet it circumvents the law according to which the supranational more…