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ECB, economy drive EUR / USD rate to

approaching the forex market, the EUR / USD exchange rate and amortization are the mark of 1.37. After a pullback in the week beginning have comments from the European Central Bank (ECB) and a possible rate hike had a positive effect on the single currency. The German central bankers Governing Juergen Stark said that they were prepared to act decisively and without delay, if this would be necessary. That objective remains the development of inflation is anchored to price stability. This one may have to change the monetary policy.

had Similarly, the Italian central banker Lorenzo Bini Smaghi ECB said in the previous week. Smaghi had established a link between economic growth and inflation. If the inflationary pressures increase, we may need to adjust the monetary policy, Smaghi. The latest comments from the leadership circles of the European Central Bank (ECB) to make a rate hike until the summer of 2011 probably.

annual inflation in the euro area rose to +2.2 percent in December 2010 and 2.4 percent in January 2011. This is the evolution of inflation above the ECB's target of two percent. The European Central Bank could steer towards a rapid rate hike of 1.00 to 1.25 percent. The resulting appreciation of the euro against the dollar, the development would limit the rise in commodity prices "imported" inflation. At the same time, one could try to fight a so-called preventive wage-price spiral.

economy hums

good economic data from the euro area, the development of Euro against the dollar have had more rushing to the top. The Ifo business climate for the Federal Republic of Germany climbed from 110.3 to 111.2 points in February 2011. The Purchasing Managers' Index (PMI) for the euro area, Germany and France from the manufacturing sector are better turned out than expected. The German GfK consumer sentiment climbed from 5.8 to 6.0 points. Lever

For technical chart addiction, the euro dollar exchange rate from 1.3725 to 1.3740 resistance, to continue to rise sharply. If successful, it should be € dollar currently very rapid advance in the range of 1.3800. A technical support area for the European single currency is 1.3520 to 1.3560 dollars.