FXstreet.com (C�rdoba) ? The Euro appreciated in the market after last Thursday announcement of measures including financial aid to Greece. Nick Bennenbroek, Head of Currency Strategy at Wells Fargo Bank wrote that they are more constructive on the European currency but the optimist is tempered by signals of slower growth in Europe and it will also take some days before is clear how authorities addressed the potential contagion effects.

Mr. Bennenbroek pointed out that they see more upside for the EUR/USD in the coming weeks but the rally may be limited to around 1.47, the early June high. ?Commodity and emerging currencies may be the biggest winners over time ? those growth sensitive currencies could benefit from reduced European risks and the prospect of reduced U.S. risks as well.?