BUSINESS

The euro-dollar exchange activity slowed down

Wednesday the Euro-dollar exchange rate fell to a 2-month low, as a result of weak economic data for the European Central Bank mention earliest possible in this week for the implementation of the radical liberal monetary policy expectations. The US dollar against a basket of currencies in three consecutive days in today after a little changed, on Thursday next week, the European Central Bank and the Federal Reserve Board of the Fed’s Monetary Policy (FED/) on a narrow range line to vote. The United States announced Wednesday that the data overall weaker than expected at the beginning of July manufacturing activity slowed down to near 10-year lows.

The United States on a new housing sales rebounded in the first three months of sales data as amended, has decreased.

At a macro-level assistant analyst, Yasemin Engin said, “the US manufacturing data as the market expected next week, the US Federal Reserve cut interest rates to provide support, despite the recent partial hard data is relatively strong. In the money market in the euro area, it is expected that the European Central Bank on Thursday, the dropout rate of 10 basis points from 54 percent. The Euro Zone Purchasing Managers Index (PMI) accidentally from 6 months to 7 months 52.2 51.5, for three-month lows, data released cut interest rates 10 basis point increase in the possibilities.

euro

Accept the Reuters Survey of economists had expected the index will decline slightly to 52.1. 50 The economic growth and shrinkage of the watershed. “Our basic estimates that, overall, the information will be passed out of the doves, but currently does not pass a further signal,” the securities exchange, the European policy director Ned Rumpeltin said: “tomorrow to the doves in the large-scale transformation may still be driven (Euro) dropped to below $1.11 for the new line.

In the afternoon, the Euro-dollar EUR= dropped 0.1 percent to $1.1137, 1.1128 earlier reach $5, the lowest since 30 June.

The euro has decreased by 2 percent this month is expected as a result of investors in the eurozone Borrowing costs may be in the negative range will decline further. Us dollar against the Japanese yen JPY= dropped 0.1 percent as 108.17 Yen. The US dollar against a basket of currencies little changed, 97.704. The United States, the former Special Prosecutor Muller on Wednesday in congressional testimony, he said that he did not have a strong President, obstruction of justice and fair conduct of exculpatory, but the dollar against him almost no response.

On the first day of Washington will raise the government’s borrowing limit reached, analysts said, this may limit the Fed cut interest rates. The former mayor of London on Tuesday Johnson won the British prime minister after the next election, in the short term low increase, which allows investors to focus its efforts in the absence of agreement and the prospects for Europe. The Pound sterling exchange rate against the US dollar Gbp=d3 l reported 0.4 percent to $1.2483 last week, just reach a 27-month low of $1.2382. The Pound sterling exchange rate against the euro Eurgbp=d3 rose 0.6 percent to £0.8916. The new British prime minister Johnson for the first time after his inauguration speech that commitment, will lead the UK on 31 October, and Europe, that “no discussion”, and warned that if the EU refused to consultations in the United Kingdom there will be no agreement from Europe. Since then, the pounds continue to rise.

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Timothy Hill

My name is Timothy, I am a financial blogger who keeps up with all the new trends in the world of business, stock market, and industry growth, I hope you enjoy my articles.

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