Or denial of the Greek EU summit dollars a blessing in disguise to save up const
Because investors expect the EU summit starting on the 25th is difficult to put concrete plans on assistance to Greece, the euro exchange rate has continued to fall, and to promote the dollar as a currency hedge up for several days. Session yesterday, the dollar against the euro, approaching a three-week high at one time. Some organizations boldly predicted that if the euro was postponed because of the monetary policy of Greece out of the crisis, the euro fell against the dollar even when the low of 2006.
Greek crisis hiccups have risen again brought back the investor's risk aversion, the Asia-Pacific markets were mixed yesterday after a three-day losing streak yesterday, European stock markets rebounded slightly in early trading.
As of yesterday, 17:00 GMT, the euro against the U.S. dollar reported 1.3519, fell to 1.3502 earlier, approaching the three-week low hit the previous day. The day before, the euro fell to 1.3464 against the dollar, from March 2 to the lowest point since.
As planned, the EU summit will be held Thursday and Friday to discuss the rescue of Greek issues, but we heard was a few days more and more bad news, which allow investors to put the summit on the latest round of any assistance plan does not hold much hope.
European Central Bank President Jean-Claude Trichet said the European Parliament of 22, if you want to provide loans to Greece, there should be no "subsidy" or "compromise" the existence of the element. The German Chancellor Angela Merkel reiterated that EU leaders this week on the Greek there is no need to reach any "specific decision." There are also some people who aid the Greek more positive attitude. Euro-Claude Juncker said on the EU will not "abandon" the Greek.
European countries the issue of whether to aid the release of contradictions in the Greek message to investors at a loss. As of 22 close, the benchmark 10-year Greek bonds three-day losing streak, yield climbed to 6.44%, to February 25 has been high. Greece in April and May a total of 20 billion euros debt due in the next few weeks, the country may need to issue 10 billion euros bond.
Renewed by the Greek crisis, safe-haven buying triggered by variable, the dollar continued to rise strongly. 23 European morning trading, the dollar index was at 80.8 in the vicinity, had once reached 80.9 in the vicinity. Germany 17, reiterated the intention of the country's position on funding assistance to Greece and trigger a new round of fall into the euro, the dollar is a blessing in disguise, and since then the dollar index has risen about 1.3%.
Deutsche Bank, HSBC Holdings and other institutions have recently predicted that the debt crisis, the threat to economic growth, Trichet's European Central Bank under the leadership of a rate increase in the resumption of the previous forecast to slow in the current euro zone interest rates at 1% historical lows. If the interest rate lagged far behind Europe in the United States, it may further exacerbate the pressure on the euro. Blue Gold Capital hedge fund in London is expected, the euro fell against the dollar may be near 1.20, since March 2006 for the first time since.
I am China Quality Dress writer, reports some information about concrete paver manufacturers , clay brick plant.
Processing your request, Please wait....
