USD € The development remains for the time being on the mark of 1.36. Thus, the euro exchange rate was to defend his position to strengthen against the U.S. dollar. Although the single currency was temporarily dropped to EUR / USD 1.3572 in the previous European-style currency trading, the euro could reclaim the mark of 1.36 USD.
The European Central Bank (ECB) fixed the official reference rate of EUR / USD 1.3596 on Tuesday afternoon. This cost the dollar equivalent of € 0.7355. The greenback prices were down significantly in the last two weeks. Had such a dollar even an equivalent of € 0.7767 on 10 January 2011.
economic data from Europe and the U.S. can continue to convince. The GfK consumer climate in Germany rose from 5.5 to 5.7 points. When U.S. consumer confidence also the forecast of analysts was exceeded. The index to the mood of American consumers rose from 53.3 to 60.6 meters in January 2011. Economists had expected a rise to 54.4 meters.
Overall, the development of USD € EUR / USD 1.2874 to 1.3685 between the 10th January and 25 January 2011. The rapid increase in the amount of 8.11 cents is fundamental to lead primarily to a weakening of the debt problem in the euro area back, and a possible ECB rate hike in the second half of 2011.
Technically, USD € developing significant resistance at 1.3280 and 1.3505 has left behind. The next key resistance is at 1.3780. Support the euro dollar exchange rate experienced during skipped resistance of EUR / USD 1.3505.
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