Forecast: euro exchange rate will continue to sudden movement?

Forecast - the euro exchange will not be able to recover

In brief: Euro rate becomes a household name, Europe and the world sees the helplessness of a single European currency. Hopes for the restoration of the euro almost disappeared.

Exchange rate euro will decline. The fall of the euro was a continuation of a powerful wave of economic crisis, caught after Greece and Portugal is to Spain. And because of the globalization of the economy is reflected in other assets. On Wednesday, one euro was given 1,21 dollar – which is the minimum figure for the last 4 years. And, despite the fact that later Eurocurrency played a couple of cents, its prospects are not ranked very happy, says MP.

The fact that the stabilization fund of 750 billion euros, which should save the country from bankruptcy by the European Union, will be filled no earlier than 2-3 years. The fall of the euro was a continuation of a powerful wave of economic crisis, caught after Greece and Portugal is to Spain. And because of the globalization of the economy is reflected in other assets. For example, oil fell by a quarter – almost $ 65 per barrel and the price of gold, by contrast, is growing and reached their historic highs. A respected professor of economics at New York University’s Nouriel Roubini says: “Events in Greece, Portugal, Ireland and Italy and Spain – is an example of the second stage of the current global financial crisis. So the crisis is not over, instead it has reached a new and more dangerous phase.” – Euro-currency will continue to fall until the end of this year – sure the head of information-analytical center Forex Nikolay Ivchenko. – During the month, the euro may fall to a mark 1,18. This means that in Ukraine Eurocurrency stoop to the level of 9,50 UAH / EUR, after hryvnia pegged to the U.S.. In Ukraine, some banks have even begun to refuse to buy euros in cash. As a result, the National Bank was forced to threaten them with sanctions, parallel desheveyuschuyu buying currency on the interbank market. Every day, the NBU had to buy for 40 million dollars and euro. However, following the collapse of law, economic growth always starts. And, as most experts advise, when the euro will fall below 1.2 to the dollar (by UAH rate – 9,50), it can be purchased. Experts predict that this will be the bottom of the minimum of the euro.

Anrey Torbinski
2010-05-23 01:22, Currency news.

News on: , , , , , , , , , , , , , , , , , , ,

Post a comment

E-