A new contract is prepared to check the debt crisis

euroOn Tuesday after two month there was a decline in the euro and major stock directed to be low. This happened due to the fear that financial problems of Ireland could spread to more euro zone countries evaluated on investor reaction.

In the weekend there was an agreement by euro zone ministers. It was a package of 85 billion euro rescue for Dublin and a permanent debt resolution system. This was designed to prevent a debt crisis that has surrounded Greece and Ireland from moving on to Portugal and, maybe Spain also.

However by this there was some chill out in monetary advertises. On Monday the euro descended to $1.3065 after Sept 21 and defers on Italian and Spanish 10-year bonds jumped 20 basis points. It became the biggest daily rise in over a decade.

On Monday there was some change in the euro was in Asian dealings, it did the business at $1.3135 and U. S. Treasuries raised high. The investors continued to search for safe-haven investments. This was a little bit higher in Spot gold, another safe-haven favorite.