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Forex: Monday’s review
Yesterday the euro fluctuated against the dollar at a time when the Bundesbank in Germany showed dissatisfaction about the plan of the European Central Bank.
The single currency rose after the Greek Foreign Minister Dimitris Avramopoulos said that his government will present the budget reports, which show that the improvement in Greece was caused by the international financial assistance.
The Australian dollar rose against all major currencies, as the demand for higher-yielding assets.
Also on the increase in value of the currency has affected the possible prospect that the ECB will try to limit bond yields.
Growth also showed the New Zealand dollar in relation to the fact that there is a chance the Federal Reserve will refrain from any further monetary stimulus, which could weaken the dollar.
Asian currencies weakened against the worsening debt crisis in Europe and the slowdown in the Chinese economy, which worsens the prospects for foreign sales in the region.
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