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Forex dealers said the rescue of General Motors and Chrysler in the US had helped to avert a financial crisis for the time being, but the repercussions for the economy remained unclear.
Geoffrey Yu, a strategist at UBS in London, said policy-makers were taking more risks and aggressive action due to the deteriorating economic situation.
He told Reuters: "The auto industry bailout removed one risk factor for the market, but the majority of market players see corporate profits to decline significantly in coming quarters."
In more euro news, Miguel Angel Fernandez Ordonez, a member of the European central bank council, recently said interest rates in the eurozone are likely to be cut in January.
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