EUR NEWS: The EUR rise against the USD in a market wait before Greece

The EUR rise Wednesday against a USD weakened by disappointing U.S. data, the market adopting a wait-your four days of general elections in Greece, crucial to maintaining the country in the eur area.
Around 1800 GMT, the eur bought 1.2598 USD against 1.2502 $ on Tuesday at 2100 GMT.

The eur rose against the yen also at 99.91 yen against 99.44 yen on Tuesday.

The USD lost ground against the Japanese currency to 79.30 yen against 79.52 yen yesterday.

The greenback ran a small bout of weakness on Wednesday following the release of alarming statistics for the force of the world's largest economy with the announcement of a sharper than expected decline in producer prices and lower sales of details in the U.S. in May.

The eur benefited from his side of the adoption of a more serene, "wait" according to Nick Brennenbroek, head of currency strategy for Wells Fargo, citing in particular the influence "of rumors that European nations could consider a relaxation of the austerity measures imposed on Greece "after the parliamentary elections Sunday, signals bode well for keeping the country in the eur area.

Traders were concerned that in the event of victory of the Greek radical left, opposed the austerity plans intended by the donors of the country in exchange for their help, Athens does not honor its commitment to continue reforms, eventually forcing the country to leave the eur zone.

French President Francois Hollande, however, warned on Wednesday against the Greeks an output of the eur area in case of non compliance with their commitments, in an interview to Greek TV channel Mega.

"I realize that voters (Greek) must have full sovereignty but I must warn them that  if the impression is given that the Greeks want to get away from the commitments that were made and abandon all prospect of recovery, then there will be countries in the eur area who prefer to finish with the presence of Greece in the eur area, "he said.

For other analysts, the single currency benefited from hopes "to see central banks around the world, not only in Europe but also in the United States and China, come to the rescue" of economic growth , as noted by Huber, an analyst at ETX Capital.

Indeed, the analyst, "with a worsening global economic outlook and levels of higher and higher borrowing rates for countries of the periphery of the eur area, (central banks) may no longer have a choice and have to act quickly and decisively before the situation escalates. "

The rate of bond yields to 10 years in Spain and Italy and remained very high, above 6%, while the 7% threshold is seen by many observers as unmanageable.

The Spanish rate even reached a record high Tuesday since the creation of the eur area, to 6.756% before easing slightly.

Persistent source of concern, the rating agency Fitch had lowered the rating of Tuesday 18 Spanish banks, after lowering the eve of one of the two largest, Santander and BBVA, and the notes of Spain last week.

This reduction was speaking just days after the announcement of a European assistance to a maximum of 100 billion eur in the Spanish banking sector, which received a mixed reception in the markets, investors fearing a heavier ultimately furthers the indebtedness of the country.

Around 1800 GMT, the British pound fell against the eur at 80.92 pence per eur, and stabilized against the greenback at 1.5564 USD.

The Swiss franc remained stable against the eur at 1.2008 Swiss francs to the eur and gained ground against the greenback at 0.9531 Swiss francs to the USD.

The Chinese currency finished at 6.3689 Yuan against one USD for 6.3705 Yuan yesterday