A current dollar exchange rate at 1.35 € indicates indecision and relatively high rates. So the € price performance fell against the dollar to the weekly opening of EUR / USD 1.3556 to 1.3428. This was followed a climb of the European single currency at 1.3550 and a likelihood of sinking below the level of EUR / USD 1.35.
economic data from the euro zone and the United States disappointed and have high fluctuations in the euro dollar exchange rate currently favors. Industrial production in the 17 euro countries fell from 1.4 percent to -0.1 percent in the month of December 2010. Economic growth in the Federal Republic of Germany in the fourth quarter of 2010 also fell short of expectations. Thus, increased the German gross domestic product (GDP) by 0.4 percent instead of the projected GDP growth of +0.5 percent. The ZEW economic expectations
for the euro area climbed slightly from +25.4 to +29.5 points. However, economists had a stronger index of +31.3 points for the reference month February 2011 forecast. The ZEW index for Germany remained at +15.7 points also lower than estimated. However, the expectations for the economic development of the financial experts continue to be positive, the center announced for European Economic Research (ZEW) with.
In the USA, retail sales do not support the current dollar exchange rate as well. Analysts had in recent weeks, the anticipation felt screwed up against the background of attracting economic development in the United States. Thus, the sales were at U.S. retailers from +0.5 percent to +0.3 percent in the month January 2011.
A shows the current dollar exchange rate for EUR / USD 1.35 signs of recovery in favor of the greenback. In the last four trading days, the European single currency fell to 1.3726 from $ 1.3428. However, it has to wrest the U.S. dollar exchange rate in 2011 under the brand of hard EUR / $ 1.35 to the euro more cents. Many currency strategists therefore expect a rising again € USD exchange rate.
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