The euro fetched from a low of three months against the dollar Thursday signs that European politicians are willing to adapt to the increase of tensions in the euro zone.

Feeling in the single currency has been lifted, that Peer Steinbrück, Federal Minister for Finance, said that his country would be an emergency measure to protect the euro zone, if one of its Member States is in serious trouble as he is not the debt repayment.

Concerns regarding the position of countries on the periphery of the euro-zone in combination with interests in the region of the exhibition to a sharp decline in Eastern Europe, gave the euro in recent weeks.

Hans Redeker of BNP Paribas, said that there is always more that the politicians of the European Union was the awakening of the threat posed by the development of the difference of more competition in the euro area, their impact on spreads of government bonds and investment in the euro zone .

He said that with the position on the short-term euro money market, it is susceptible to the views of the swing. “We expect pressure on the short positions euro as the currency is likely again to $ 1.27 against the U.S. dollar,” said Redeker. “Medium term, however, we continue to euro bears.”

Twelve in New York, the euro rose 1.3 percent to $ 1.2691 against the dollar, rose by 0.6 percent to £ 0.8867 against book and won 1.6 percent in Y119.44 against the yen.

The euro also gained 0.9 percent to SFr1.4893 against the Swiss franc. The Swiss currency weakened on fears of the nation after the UBS bank secrecy has renewed the data to the American authorities to the customer involved in the tax evasion.

During this time, the dollar has been the stability in the world’s stock markets from a safe harbor request of the U.S. currency.