- Analytics
- News and Tools
- Market News
- American focus: Euro drops against the backdrop of European issues
American focus: Euro drops against the backdrop of European issues
Euro weakens on expectations the European summit, which should take place at the end of the week, and due to the fact that Italy and Spain are preparing to sell debt amid fears the financial crisis in Europe.
The decrease in the euro also contributed to the information that German Chancellor Angela Merkel rejected the joint evrobloka for bonds and bills. Also, she was opposed to funding the European authorities in Cyprus.
The yen strengthened, as the increased demand for the assets of the asylum, and fell to the share price.
Commodity currencies such as Canadian and Australian dollar dropped today against most major currencies as crude oil futures fell.
Billionaire investor George Soros' stated that there is disagreement on the financial side, and if they are not resolved within the next three days, that the summit could fail, leading to death.
In accordance with State Street Corp euro is likely to fall to $ 1.20 by the end of the year, as the debt crisis worsens in Europe. Investors should sell the euro and buy the U.S. dollar. The dollar will strengthen, as the prospect of further asset purchases by the Federal Reserve less likely.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
