Currency rates today: euro exchange falls below

Euro is close to the absolute negative record

In brief: The exchange rate euro remains very low against the risk of default in several European countries. Dollar increases rapidly.

Exchange rate euro continues to make steady downward. Major currency pairs are under palpable pressure from the U.S. dollar. Dollar exchange rate grows against the pound, yen, yuan and the euro. World currency market is waiting for positive labor market data. The publication of the latest statistics of the labor market will be held in the U.S. this afternoon. In the last week of the foreign exchange market players were reminded of the macroeconomic data.

Euro remains under pressure at $ 1.2174, near a four-year low of $ 1.2110 reached earlier this week, as the debt problems and concerns about the financial sector continue to have a negative impact on the purchasing mood for a unified currency. In addition to that, the foreign exchange market is gradually maturing sentiment that the U.S. economy gradually cope with financial problems and on the path of recovery. In particular, recent macroeconomic news, which came out this week showed the restoration of the American economy. At the same time, data for the euro area showed a low momentum and, along with the growth of social protest sentiment, given the negative overhang puts pressure on the single European currency. Strong data reinforced expectations that the U.S. Federal Reserve will increase interest rates first, beating the Bank of Japan, which is still struggling with deflation.

Ukrainian Globalist
2010-06-04 09:22, Currency news.

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