The euro has hit a low last ten months amid European agreement for assistance from the International Monetary Fund (IMF) in Greece. In the early morning, the euro traded against less than $ 1.34 in London. The euro had recovered to around $ 1.38 last week, but the statements of German Chancellor Angela Merkel this weekend, hostile to European intervention in Greece, drove the currency earlier in the week.

Tuesday evening, the unofficial announcement of an agreement on French assistance from the IMF under a Greek rescue plan Wednesday morning precipitated the fall of the euro. "The emergence of the IMF sounds like an admission of weakness of the euro area, which does not seem able to run on her own problems," Nordine Naam analysis, currency strategist at Natixis."Suddenly the market was relocated to the sale."

These days, the euro could fall to $ 1.30, according to the strategist, according to news from Brussels. At three months, the currency could drop to $ 1.28 and stabilize around $ 1.30 by end of 2010.