The currency exchange rate today: the euro is nearing record lows

The currency exchange rate today is growing at record lows against the euro

In brief: Dollar exchange rate increases, the pound falls, the euro tends to its lowest level for 8 years.

The currency exchange rate gives us a record decline in the euro today. Single European currency is on the verge of collapse. The euro / dollar continues to fluctuations between the levels of 1.1900 and 1.2000. Dollar / yen has stabilized in a narrow range. Continuing correction after yesterday’s rate of gold increasing to a record high.

Great influence on the behavior of exchange euro dollar and dollar / yen have the players on the local markets. The difference between the market yield of German government bonds and similar bonds in Italy, Spain and Portugal remains high. Yesterday the market return of German 10-year bond fell to a record low. This is due to the high demand for these securities. It is also noted the record level of deposits of commercial banks in the ECB, which indicates a high level of concern for the state of the financial system. Support for Australian dollar have anecdotal evidence that talk about increasing the volume of exports from China in May at 50% per year. Official data will be published tomorrow. Tomorrow will be a meeting of the Governing Council of the ECB. Great importance will be statements made by President of the European Central Bank’s Trichet at a press conference after the meeting.

Igor Tringlers
2010-06-10 00:52, Currency news.

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

Post a comment