- Analytics
- News and Tools
- Market News
- Forex: Monday’s review
Forex: Monday’s review
Yesterday the euro traded close to a two-month low against the dollar as a draft policy makers’ report said Greece may require an extra $15 billion during the next two years and there are “very large risks.”
Europe’s shared currency traded at almost a one-month low against the yen after the report about the so-called troika as European leaders prepare to meet to seek a plan to maintain Greece’s solvency. Giving Greece a two-year extension to meet budget targets would ease the impact of austerity measures, the troika said.
The Australian dollar rallied after a bigger- than-estimated trade surplus in China improved prospects for commodity exports. China’s exports exceeded imports by $32 billion in October, the customs administration said Nov. 10, compared with a $27.3 billion trade surplus estimated by economists. China is Australia’s biggest trading partner.
The pound fell amid speculation the Bank of England’s latest growth and inflation projections may lead to more asset purchases. The Bank of England’s quarterly report is due in two days and may provide room for further asset purchases to boost growth. The central bank refrained from adding more stimulus at its most recent policy meeting, minutes from which are due next week.
© 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
