Main foreign exchange market crosses: The Euro-dollar moves above 1.3600 yesterday after the bump that took him from a high in the 1.3740 to 1.3586 at a minimum. The news that Germany will let the IMF bailout to Greece was negative for the single currency. It should bounce to the area of 1,3650-1,3700 after the fall of yesterday and netted at least half of the deep sail drew.

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German Chancellor Angela Merkel said yesterday that Greece does not need financial aid and that any Hellene rescue the country is not on the agenda of the European Council to be held from Thursday in Brussels. European leaders should not raise "false hopes" in the markets on a decision on aid to Greece this week, according to Merkel.

Chancellor does not budge on aid to Greece. It also has the backing of the German electorate according to a survey by the FT / Harris. A third of the total is in favor of expulsion to Greece in the Euro Zone while 40% of the total thought Germany would be better outside the area.