Euro hits five week-low on Barroso announcement

Note: This section contains information in English only.
Source: Bloomberg

On Wednesday 17-nation currency dropped against US dollar reaching five week low as European Commission President Jose Barroso claimed euro area is facing total crisis.  In New York pre-trading session Euro lost 0.3% reaching $1.3498. Currently the pair is trading at 1.3471. According to Barroso, there will be no solution to crisis without economic growth.

 

Back to articles

Actual Topics

Wed, 16 Nov 2011 16:26:01 GMT

Investors consider US as safe haven

Worldwide demand for US equities, bonds, and other securities surged in September as investors relied on Treasury assets amid Europe debt crisis. In September net purchases of long term stocks, bonds and notes made $68.6 bn compared to $58 bn in August. Treasuries extended largest quarterly gain since 2008, indicating that investors appreciate their safety. 

Wed, 16 Nov 2011 16:45:06 GMT

China refutes allegations about undervalued yuan

At recent APEC summit US president has accused China of undervaluing its currency to be more price competitive. China's Ministry of Commerce refuted these allegations as being unjustified. Many analysts claimed yuan is adequately priced and exchange rate of China's currency is not a cause for trade imbalance between US and China.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.