Forecast exchange rate remains negative for euro

The exchange rate dollar euro confidently passes cornering

In brief: Dollar exchange rate was much more resistant to serious economic and financial shocks. The exchange rate euro could not keep afloat.

Exchange rate euro pressed to its lowest level. The fall of the euro due to the massive problems the euro area and U.S. growth. Experts see a drop in euro and in the long term. European stock markets were closed on Monday different directions against the continuing European problems and not the desire of investors to take risks.

“This (bailout in Spain) sends a very clear and the actual market warning that the debt crisis could have a particularly negative effect for some banks who are directly exposed to sovereign debt,” said Joshua Raymond a strategist of City Index. (CNBC) The banking index DJ EURO STOXX BANK following Monday fell to 168.97 (-1.07%). Securities Deutsche Bank declined by 0.96%, Banco Santander to 1.15%, Swedbank to 0.50%, Lloyds at 0.59%. Major European indexes at the close of the previous trading session: FTSE 100 – 5,069.61 (+0.13%); DAX 30 – 5,805.68 (-0.40%); CAC 40 – 3,430.93 (+0.01%). Futures DJ STOXX 50 in the morning before the opening of trading in Europe fell to 2,455.00 (-3.54%). European stock markets to open a collapse. European index of blue chips “FTSEurofirst 300, on Monday rose to 973.21 (+0.33%). As a result of the previous day’s yield US 10-year T-Note is 3.16% (-0.078%). Yield of 10-year German Government Bonds is 2.66% (-0.011%) compared with the previous day. Yield of 10-year U.K. Government Bonds is 3.55% (-0.004%) compared with the previous day. Oil futures in early morning electronic trading fell as a result of investor uncertainty in the reconstruction of the world economy. Mark Brent Oil (NYMEX) in morning electronic trading at 69.88 (-1.18%) and the American crude oil WTI (NYMEX) 68.84 (-1.95%). Gold futures in the morning at 1191.60 (-0.20%). Commodity Index CRB Index on the basis of past trades is 251.97 (+0.22%). Foreign Exchange in morning trading characterized by the strengthening U.S. dollar against the backdrop of growing fears in the euro zone associated with yesterday’s decision of the authorities of Spain to help one of the national banks. The dollar index ICE, which reflects the value of the U.S. currency against the trade-weighted basket of other currencies, is 86.95 (+0.48%).

Ukrainian Globalist
2010-05-25 09:16, Economics.

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