Market news
03.12.2012, 19:22

American focus: the pound has appreciated significantly

The euro rose to six-week high against the dollar, which was caused by information that Greece may hold an auction to buy back government securities in the amount of 10 billion euros ($ 13 billion). In connection with this concern that the debt crisis in the region is deteriorating slightly decreased.

The dollar index (DXY) dropped to one-month low amid tightening position among U.S. lawmakers about how to avoid the so-called "financial failure."

Also today, Credit Suisse Group AG said some customers that will introduce negative interest rates on cash balances in Swiss francs. Against this background rate EUR / CHF showed the biggest increase since September, and reached CHF1.2086.

At the same time, analysts say that the euro is likely to survive, because, despite the fact that Europe has a serious problem, more and more people are coming to the realization that these problems will continue to exist, though for a long time, but they are not fatal.

We also note that today the yield on 10-year Spanish bonds fell to 5.2%, the lowest level since March, while the yield of similar bonds in Italy dropped to 4.4%, which is the minimum value for the year.

Pound increased since released a report showed that the index of business activity in the manufacturing sector reached Britain climbed to 49.1 from 47.3, exceeding forecasts at 48.1.

Also this trend was due to the fact that market participants are waiting for the meeting of the Monetary Policy of the Bank of England, to be held this week. This interest is caused by the recent comments of the Bank of Mervyn King suggests that, in the coming months, the volume of purchases of government bonds can be increased.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location