- Analytics
- News and Tools
- Market News
- Forex: Friday’s review
Forex: Friday’s review
The euro rose against the dollar after European leaders have lowered credit conditions for Spanish banks, taking a step to resolving the debt crisis in the region and increased demand for Eurocurrency.
President of the European Union, Herman Van Rompuy said that officials at a meeting in Brussels agreed to waive the condition that emergency loans for Spanish banks will be provided with privileged conditions.
EU leaders will meet today at the second day of talks to discuss measures to stem the debt crisis, which led to what is already five countries of the euro area called for help. Earlier this month, Spain has agreed to accept a rescue loan of 100 billion euros to help recapitalize the banking sector.
The dollar index, since the decision of EU leaders have reduced investors' appetite for risky assets.
The yen fell against all major currencies, as rising U.S. bond yields helped to attract more money into dollar-denominated securities, which caused the weakening of the yen.
The Canadian dollar rose to a maximum of 30 November, as rising stocks and commodities caused the increased demand for higher-yielding assets.
© 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
