Currency exchange rate today: weak euro, pound, strong yen and crazy dollar

Currency exchange rate today - pound falls, yen grows

In brief: Currency exchange rate today: euro on June 18 showed a weak dynamics of change against the U.S. dollar and the yen gave way. The single currency has a chance to complete the second week in a row with the advantage against U.S. and Japanese currencies.

Currency exchange rate remains susceptible to numerous risks today. Growth shows only yen. The euro against the dollar amounted to $ 1.2376 from $ 1.2389 the evening of June 17 in New York. Euro dollar yielded 0.1%. Dollar / yen was 90.65 against 91.01 the previous evening. The euro / yen reached 112.12 against 112.75. The yen was added 0.4% on the American and 0,6% against the euro. Course pounds to the dollar to $ 1.4794 from $ 1.4824 on Thursday. The euro to the pound was 0.8364 against 0.8356.

On the last day of the week the euro was moving near the mark of $ 1,24. The positive stimulus single European currency have been successful auction of Spanish debt mitigated concerns about proliferation of European debt problems. On Thursday, Spain has deployed 10 and 30-year bonds volume of 3,5 billion euros, while demand was much higher offer. In favor of the euro played a leadership initiative of the EU countries to disclose the results of bank stress tests to provide investors with more complete information about the state of European banking system and to show that it is able to withstand financial shocks. Several unpleasant for the single currency began to comments Dmitry Medvedev as saying in an interview with the American edition Wall Street Journal, that you can not underestimate the threat of a possible failure of the euro against the weakness of some European economies. The Russian president is not inclined to exaggerate the threat, but does not exclude such a risk. However, in Europe continue to protect the single currency. According to Economy Minister Christine Lagarde (Christine Lagarde), the Eurosystem is protected from collapse, and reason to doubt the euro’s. On Friday, the euro rose to $ 1.2417 – the maximum value over the past three weeks. The yen strengthened Against the background of the competitors in the promises of the Japanese authorities to reduce the national debt. In addition, the demand for the Japanese currency as a protective grew after published on Thursday the negative data from the U.S.. Statistics showed an increase in the number of Americans, first applied for unemployment benefits, lowering consumer prices and the negative dynamics of the index of activity in the manufacturing sector, calculated by the Philadelphia Fed.

By the current moment of a week-long advantages of the single European currency is about 2,2% against the dollar and 1.0% against the yen. Dollar loses 1.1% on the Japanese currency. Nevertheless, the European financial problems for which it takes a lot of time, firmly anchored in the list of negative factors for the euro. Experts say the possibility of a slowdown in economic growth due to European debt crisis. Many experts continue to repeat on short periods of growth of the single currency, but in general tend to expect it to weaken. As a guide at the end of the year by many as the level of $ 1.15. Posted on Friday statistics on the state of the British Treasury was on the side of a pound. The fiscal deficit in May was lower than expected. According to the National Bureau of Statistics, the volume needs of the government borrowing requirements amounted to 11.963 billion pounds, against the projected 20.25 billion and net debt amounted to 16.023 billion pounds, while the expected 18.0 billion. For the week the British currency could add more than 1,5% against the dollar. Meanwhile, the figures continue to give cause for concern. Last year, the budget deficit reached a record high, while net debt currently stands at about 62% of GDP – is the maximum in the history of settlement. In recent months there have been signs of some improvements. The volume of borrowing for 2009/10 was revised downward by about 1.6 billion pounds. However, the deficit remained substantial. It is expected that in the current fiscal year it will be about 11% of GDP.

Anrey Torbinski
2010-06-19 04:59, Currency news.

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