News and Reviews European Economic Zone

[mynameisandhy]

News and Review of European Economic Zone

 

Will the European bailout fund capacity Escalated Significantly

Friday, March 30, 2012

 

The euro-zone finance ministers reached a deal nearing completion on Friday to build fortifications in the form of adding capacity to fight the bailout sovereign debt crisis, with a discourse as to combine the bailout facility while the facility is a permanent rescue mechanism is greater.

 

Luxembourg Prime Minister and President of the Eurogroup Jean-Claude Juncker said there was still an open chance to increase the capacity up to 1 trillion bailout Euro.

 

Two-day meeting that took place in Copenhagen will also discuss the draft budget 2012 the Spanish, who also announced on Friday new concerns related to the challenges faced by the Spanish economy.

 

Economic and Monetary Affairs Commission of the European Union, Olli Rehn even quite sure if the decision to boost its lending capacity in ESM facilities can be achieved on this Friday.

 

These comments echoed a statement the German Finance Minister Wolfgang Schäuble firewall that total about 800 billion euro Europe should be enough, and more than that number still would not solve the debt crisis.

[mynameisandhy]

News and Review of European Economic Zone

 

Banks, and European exchanges advanced guided mine

Friday, March 30, 2012

 

European stock markets recorded a big rise in Friday's session, re-emerged from the decline in recent days, bolstered by a rise in the banking sector, mining stocks rise behind the rise in commodity prices.

 

Europe Stoxx 600 Index rose 0.7 percent to a level of 262.60, reversing in part a drop of 1.3 percent in the session Thursday.

 

Recorded the largest increase in the index, Vestas Wind Systems AS surged 5.9 percent after UBS lift the company's stock rating to 'neutral' from 'buy'.

 

French CAC 40 index recorded its best performance among the major country-specific indexes, trading up 1.2 percent at 3420.23, bolstered by rising bank shares and Total SA, which rose 0.6 percent. Total stock has plunged since the gas leak in the North Sea on Sunday, but UBS said in a note that the stock price reaction to "look over".

 

Among banks, Credit Agricole SA rose 2.6 percent and BNP Paribas SA gained 1.4 percent. Banks also noted the increase in the shares of Commerzbank AG Frankfurt rose 2.4 percent.

 

German DAX 30 index up 0.9 percent traded at 6938.03, and continues to have the support of stock car manufacturer, with shares of Daimler AG, rose 2.3 percent, and BMW AG rose 2.2 percent.

 

In the UK, the mining sector lifted the FTSE 100 index rose 0.4 percent to a level of 5766.64 after commodity prices moving up. Kazakhmys PLC rose 2.2 percent, Vedanta Resources PLC rose 1.9 percent, while Rio Tinto PLC shares rose 1.8 percent.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Fly To The Highest Level 4.5 months vs dollar

Friday, March 30, 2012

 

Sterling rose again to its highest level more than 4.5 months against the U.S. dollar on Friday, having announced an agreement to increase the capacity of the EU bailout of 800 billion Euros by euro zone finance ministers.

 

GBPUSD has been observed so far above the translucent MA200 for the first time since August 2008, and is a bullish signal after the pound sterling above the psychological level of 1.6000 translucent.

 

The next resistance level appears at 1.6050 and 1.6090 area, again through the area above the bullish Sterling potentially add pressure to test the next resistance level at 1.6130 range. Nearest support at 1.5980 and 1.5925 area.

[mynameisandhy]

News and review European Economic Zone

 

Euro Up Thin; Urged to Turn Down Unemployment Report

Monday, April 2, 2012

 

Euro Index in trading today (02/04, 03:01 GMT) is generally observed showed a flat movement against some other major currencies. After opening at around 105.03 in early trading (00:00 GMT), the Euro has edged up + 2 + pips or about 0.02% and at the time of this story down the rolling observed in the range of 105.05.

 

EU leaders have attempted to establish that he called a "firewall", to overcome the crisis. Meanwhile on the other hand, ECB officials said the policy as "Tower of Babel". In general, the effectiveness of the policies being carried out is still questionable and unproven efficacy.

 

Reported that European Union finance ministers will make a package of measures, including the addition of about 500 billion euros of aid that is still fresh, which previously had contained a commitment to disburse 300 billion Euro.

 

The performance of the movement of stock futures in European markets are still showing positive growth where stock index futures on the DJ EURO STOXX 50 was up late last week about + 0.46% at 2409.00, the UK stock index futures FTSE 100 was tracked down - 0.06% at 5738.50. While the French CAC stock index futures closed up 40 reported at the end of last week about + 0.69% at 3424.50, and the German DAX stock index futures were reported closed up at the end of last week about + 0.36% at 6961.00.

 

Today's report is expected to show a negative performance in the labor sector where the Unemployment Rate is expected to increase to 10.8% in February from 10.7% in January. Normal range on day Euro index is expected to have a support level at around 104.81 and resistance level at around 105.17.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Turned Down; UK Manufacturing Sector Slows In March estimated

Monday, April 2, 2012

 

After the end of trading last week to move up, pound sterling today (02/04, 04:09 GMT) turned lower against the U.S. dollar. Opening price is at 1.6010 (00:00 GMT), and has dropped about -29 pips or about - 0.18%, led the index to be bearish on the 1.5981 area.

 

A recent report on the UK housing sector showed a rise in March, for the first time in 21 months, according to a report from Hometrack Ltd.. Average sebuha home in England and Wales reported increased by about + 0.2% from February. This increase indicates an increase in demand amid the British government's policy to tighten the budget, in order to restore the British economy.

 

Manufacturing PMI data to be released by the Markit economics research institute, is expected to show the performance figures for March 50.6, down from 51.2 points in February. Normal range trading EUR / USD at today's projected to have the support level at around 1.5963 and 1.6045 resistance level on the range.

[mynameisandhy]

News and Review of European Economic Zone (Spain)

 

The Spanish commitment Still Strengthen Major Currencies

Monday, April 2, 2012

 

In general good of the world market in the forex market as well as on the floor of the stock market experienced a strong reinforcement that was observed in positive territory in afternoon trading at the beginning of the week (Monday, 2/4).

 

Strengthening of major currencies, particularly the Euro single currency, due to positive market sentiment is still marred by news from Europe where the Spanish state is trying to make budget cuts so that the country is also committed to a policy of austerity (austerity programs).

 

Besides the positive news also came from a meeting of euro zone finance ministers which resulted in an agreement to increase the firewall rescue fund in an effort to prevent the spread of the debt crisis. So the positive news it gives strength to the Euro.

 

Until the afternoon session was recorded moving EUR stable in the range of $ 1.3330/40 after briefly to a high of $ 1.3376 level. While the British currency, pound sterling is still strong in the area's $ 1.5980 after testing to penetrate into the $ 1.6 to record the position at $ 1.6025.

[mynameisandhy]

News and Review of European Economic Zone

 

European exchanges are relatively sturdy, brokers after a number of steps

Tuesday, April 3, 2012

 

European stock markets opened relatively strong on the trading session Tuesday, with sejjuumlah reaction to move some stock broker.

 

Europe Stoxx 600 Index traded higher at 266.91 level, although the shares Sodexo SA recorded a decrease of 2.5 percent and Akzo Nobel NV fell 2 percent after the stock had its stock downgraded by two different brokers.

 

Pruning is also plagued the stock broker Compass Group PLC, fell 1.9 percent, and K + S AG, fell 1.3 percent. Cairn Energy PLC shares rose 3.3 percent after the news of the acquisition.

 

German DAX 30 index level flat DFI 7061.92, while the French benchmark index, CAC 40 traded flat at 3461.11 level. The FTSE 100 rose 0.2 percent to a level of 5885.97.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Recession Probably Avoid This Year

Tuesday, April 3, 2012

 

The UK economy is likely to avoid recession this year and the government needs to do more to boost lending to help the recovery.

 

This was conveyed by British Chambers of Commerce, as quoted from page Bloomberg.com. Gross domestic product may rise 0.3 percent in the first quarter after falling 0.3 percent in the last three months of 2011, the London-based group said in a statement e-mail today. Estimated full-year growth of 0.6 percent, 0.8 percent less than that predicted by the government's fiscal watchdog.

 

Manufacturing in March 2012 grew at the fastest pace in 10 months, according to a report yesterday. While British finance minister George Osborne announced further cuts in corporate tax rate last month to promote business in the UK and spur growth. He was under pressure to do more to help companies gain access to credit. "The UK economy is still facing great challenges and the recovery is still too slow," said BBC Director General John Longworth. "It has the potential to recover, but to achieve the government should regulate business the freedom to grow."

 

BCC said UK inflation will slow down less quickly than expected this year due to rising oil and food. While consumer price growth eased to 3.4 percent in February, or still above the Bank of England target of 2%. BBC chief economist David Kern said the group is also still concerned that the unresolved issues in the euro zone could trigger a new upheaval lately.

 

In a quarterly survey published today, the BCC said domestin of manufacturing orders rose to 6 in the three months to March from minus 13 in the previous quarter. For services, domestic orders index increased to 7 from minus 9. Export orders, the size of the industry jumped to its highest level in a year.

 

Bank of England will maintain a bond purchase target by 325 billion pounds (U.S. $ 521 billion) on 5 April, according to 39 39 economists in a Bloomberg News survey. It also will keep the benchmark interest rate at a record low of 0.5 percent, according to a separate survey.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Pound hold gains against dollar

Tuesday, April 3, 2012

 

Pound is trading near the top in four and a half months against the dollar, after the global manufacturing data gave support to the demand for risky assets but still be aware of the increase related to the growth outlook in kekahwatiran the euro area.

 

Data in the session on Monday showed U.S. manufacturing sector increased beyond the forecast in March, while the data from China on Sunday showed manufacturing activity in the country surged to an increase in the last 11 months in the last month.

 

Meanwhile, data from the UK also showed an increase in manufacturing activity in the fastest pace in 10 months in March, thus easing concerns that the Bank of England will implement a new round of monetary stimulus, before the policy meeting this week.

 

However, risk appetite weighed after revised data showed manufacturing activity in the euro zone experienced a contraction and persist in the region for the third consecutive month in March, while a separate report showed that unemployment in the region registered a record increase of 10.8 percent in February.

 

Touch the pound level for the session against the U.S. dollar at 1.6046 level during the morning trading session in Europe, although the later has consolidated at the level of 1.6025, up 0.02 percent. Pound seen weakening obtain any euro notes, fell 0.18 percent to touch the 0.8327 level.

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Italian public budget deficit in the thin

Wednesday, April 4, 2012

 

Statistical office ISTAT released data on Wednesday that the Italian public budget deficit slightly from last year in the fourth quarter.

 

Government deficit fell to 11 466 billion euros, or 2.8 percent of GDP in the fourth quarter which amounted to 17 227 billion euros.

While in the third quarter deficit reached 2.5 percent of the GDP of Italy.

 

Total revenue increased 2.9 percent on an annual basis, reaching 223 508 billion Euros over a period of 3 months. This is a slim rise to an annual basis, ie only by 0.2 percent or 234 974 billion Euro.

 

Overall, for the year 2011 the public deficit fell to 3.8 percent of GDP, while in the previous year to reach 4.2 percent. As for the revenue has increased by 1.9 percent.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Swept away, demolished FTSE mining stocks

Wednesday, April 4, 2012

 

British stock index fell for a second day on the Wednesday session, after a record decline in mining stocks along with the decline in commodity prices, while sentiment continued pressure drop in the retail sector.

 

The FTSE 100 index fell 0.7 percent to a level of 5797.70, and is expected to extend penurunanya for a second day. Some mining companies post the biggest drop in the index and commodity prices continue to record a decrease.

 

Fresnillo PLC shares fell 5.2 percent, PLC Evraz declined 4.1 percent, Xstrata PLC fell back 2.1 percent, while Rio Tinto PLC shares fell 2.1 percent.

 

Retail stocks also recorded a decrease, with Next PLC shares slipped 3.1 percent. The retailer said late Tuesday that Chief Executive Simon Wolfson sold 125 000 shares in the company. Marks & Spencer Group PLC dropped 3 percent and Kingfisher PLC fell 2.2 percent.

 

All the major banks continued to fall and the following decline throughout the European banking sector. Royal Bank of Scotland PLC fell 1.6 percent, Barclays PLC gave up 1.7 per cent, while Lloyds Banking Group PLC edged down 1.6 percent.

 

An index of activity in the UK service sector rose unexpectedly in March. CIPS / Markit purchasing managers index, or PMI, for the sector rose to 55.3 from 53.8 in February results.

 

This survey shows that "the UK economy has escaped the drop back into a recession," said Chris Williamson, chief economist at Markit, said in a note. And suggested "that the Bank of England will postpone the purchase of assets unless the economic situation deteriorated further in the coming months."

[mynameisandhy]

News and Review of European Economic Zone (Spain)

 

Spain Euro worsen performance

Wednesday, April 4, 2012

 

The euro weakened due to poor bond auction results and reduced expectations of Spain would further monetary easing from the Federal Reserve. "The poor results of the Spanish government bond auctions make the market increasingly concerned with the euro-zone debt problems and this is certainly a negative impact for the single European currency," said Adam Cole, a strategist RBC Capital Markets. "The appeal of the dollar also rose after the FOMC minutes yesterday signaled the Fed's reluctance to drizzle additional stimulus."

 

Spain only managed to get funding? 2.6 billion in higher borrowing costs when the auctioned bonds. This would make investors increasingly concerned with the ability to fix the problem debts Madrid. Analysts still see continued weakness euro if the ECB press konverensi tonight show the central bank's vigilance against the European economic outlook.

[mynameisandhy]

News and Review of European Economic Zone (Switzerland)

 

Do SNB Intervention?

Thursday, April 5, 2012

 

Swiss National Bank on Thursday declined to comment on the news that says if the central bank has intervened in the foreign exchange market by buying the Euro following the fall of the single currency is to penetrate the lower limit of the exchange rate of 1:20 against the Swiss franc, the SNB established in September last.

 

Although no definitive answer, through SNB spokesman confirmed once again their determination to preserve the exchange rate at 1:20 EURCHF and ready to buy foreign currency in unlimited amounts. EURCHF briefly touching 1.1992 area in today's trading, before being re-traded at around 1.2025. While the Franc tracked down about 0.5% versus the greenback to trade in the range of 0.9205 so far.

 

Since last year, SNB continues to maintain their commitment to reducing the rate of reinforcement Franc brings the risk of deflationary pressure on the Swiss economy.

[mynameisandhy]

News and Review of European Economic Zone (Spain)

 

Spain Back Immerse the European Market

Thursday, April 5, 2012

 

Majority stake in Europe's main bourses have slumped to the lowest level in two months on Thursday, and still has the potential to further reduce the line back over concerns about the outbreak of the Spanish debt burden and will likely deterioration of the weak euro zone. Closure of most of the relevant market on Friday Easter holiday also makes market participants more reluctant to enter the market.

 

The results are disappointing Spanish bond auction on Wednesday has become the main drivers of risk aversion in the market action. Reduced expectation of monetary stimulus program sustainability from the U.S. Federal Reserve after the release of the March meeting minutes also appeared hurt investor sentiment.

 

German DAX and French CAC40 slipped into the red zone with each loss of 0.95% and 0.5%, followed by the UK's FTSE index dropped 0.4% to enter the mid-session trading Thursday.

 

"Spain was the main focus and become a hot topic of conversation in the market. Increase in borrowing costs also helped bring the concerns that other countries can also be dragged down," said Angus Campbell, head of market analysis of Capital Spreads. "Fears of the spread of debt re-erupted."

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Zone Debt Crisis Ended

Thursday, April 5, 2012

 

Prospects for economic growth in the euro-zone debt crisis better but not yet finished, according to French Foreign Minister Alain Juppe. "We are in a very fragile situation in Europe," Juppe said, referring to the situation being experienced by Greece, Spain, and Italy.

 

Juppe optimistic with improved economic conditions in Europe in the second quarter of 2012. "The crisis is not over but the condition of Europe is not as bad as expected. Budget austerity policy in Europe has a big impact and the European Central Bank has also played its role. Europe is in the right direction," said Juppe.

 

Meanwhile, the euro weakened on the New York session. EUR / USD is now trading 1.3050, 1.3164 daily high level away from

[mynameisandhy]

News and Review of European Economic Zone

 

Opportunity! Pay attention to the Euro if USD Rally

Friday, April 6, 2012

 

Tonight when the U.S. employment figures came in above expectations, is likely to encourage increased yield U.S. Treasuries, which will support the dollar (USD), but otherwise it would cost the major currencies especially the Euro.

 

Until now, economists estimate the number of non-farm payrolls (NFP) which will air tonight at 19:30 pm 203.000 are expected to show an increase in employment in March. When the NFP figures in the release of solid economic data will add a series of fundamental American who continues to improve, so will strengthen prroyeksi economic recovery in the land of Uncle Sam.

 

Enter the European market, single currency Euro is still moving in a narrow range of $ 1.3060/70-an, after struggling to rise from a lower three-week session at $ 1.3035 yesterday.

 

Technically, stochastic indicators are bearish all day will still trigger the EUR to continue the correction, especially if there are additional negative sentiment in the market. Even the MACD indicator has also been seen maneuvering bearish. So if the U.S. is not able to continue the rally, the correction target nearest support level is at $ 1.3035 (session low today), $ 1.3000 and $ 1.2960. While the resistance is very limited though, will be recorded at the level of $ 1.3100 and $ 1.3140 to $ 1.3170.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Debt crisis, Trend Trigger Suicide in Greece

Friday, April 6, 2012

 

Debt crisis in Greece has now turned into a humanitarian crisis. Mass demonstrations occurred again after the suicide of a senior citizens Wednesday.

 

Dinitris Christoulas, a retired 77-year-old pharmacy, shot himself in Athens Syntagma Square, located in front of the Greek parliament. The tragic events that occurred during peak hours of the capital. In the note he left behind, Christoulas states have no other choice because of difficulty obtaining food.

 

Athens residents flooded the place Christoulas died with flowers and candles. Not long after, protests again flooded the city to physical clashes between demonstrators and police. Smoke billowing tear gas at several important points.

 

Lucas Papademos Prime Minister expresses his sorrow with the words 'support those who are facing difficult times'. According to police records reported by Reuters, there have been four suicides in the past week. While Bloomberg stated there are already more than 1700 similar trials since 2009.

 

Greece is now entering its fifth year recession and cuts in the second period. Efficiency and social welfare pensions coupled with a tax increase is suspected to make people frustrated for his life. Greece will hold elections in May and still have record budget cuts to $ 14.6 billion to wipe out the deficit, according to an agreement with international creditors.

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Monti Still Want Labor Reform in Italy

Friday, April 6, 2012

 

Prime Minister of Italy, Mario Monti, confirmed having enough support to do reforms in the sector, although criticized by labor unions and employers. Policy reforms aimed at overhauling the system that gave shelter to permanent employees but does not provide security to workers who are younger or shorter working hours.

 

"I believe the public and the parliament will support the government's policy," said Monti told Reuters. Monti even modify the Draft Law (Draft) with the court agreeing to rehire employees fired for no apparent reason.

 

Monti previously received support from political parties but the support of the PDL changes as he asked the government to revise the labor bill. Monti optimistic to pass the bill had to be held even if vote of confidence that can force political parties to support the policy or see Monti stepped down as Prime Minister of Italy.

[mynameisandhy]

News and Review of European Economic Zone (Estonia)

 

Acceleration of inflation Estonia

Monday, April 9, 2012

 

Agency statistics Estonia reported that the center of the consumer price index rose 4.4 percent to an annual basis in March. The increase was more rapid than the growth recorded in February to reach 4.2 percent.

 

For the price of food and non-alcoholic beverages rose 2.9 percent recorded a year, while clothing and footwear rose 5.1 percent.

While housing costs in the sector, the growth reached 11 percent during the period this month, while for transport also increased by 5 percent.

 

In keluruhan, Estonia inflation rate accelerated in March.

[mynameisandhy]

News and Review of European Economic Zone (Russia)

 

Russian Central Bank maintain interest rates

Monday, April 9, 2012

 

Russia's central bank released data today to keep interest rates unchanged and as much as possible. The decision to keep interest rates based on consideration of the risks of inflation and economic growth prospects in the future.

 

The inflation rate is fixed, namely at the level of 3.7 percent in March, and was the weakest since the Soviet Union collapsed in 1991. The inflation rate is estimated at 5.5 percent level. And according to the Russian Central Bank is expected that the downward trend did not last long. For some macroeconomic indicators mentioned that there was some improvement in economic conditions.

 

Last week, Minister of Economic Development, Elvira perekonomia Nabiulinna said that the Russians are likely to grow by 3.4 percent in 2012, slower than the estimates is estimated to reach 3.7 percent.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Weakens Self Piercing; Investor Confidence Strengthens Against Japan in March

Monday, April 9, 2012

 

In the forex movements during the European session today (09/04, 07:52 GMT), generally indicates movement of Sterling fell against the Japanese yen after opening at 129.50 in early trading (00:00 GMT). Sterling has weakened quite sharply around -54 pips or about -0.42% and at the time the news was revealed to be monitored on a revolving value of 128.96.

 

Japanese Yen against Sterling pressure due to the presence of strong positive signal on the Japanese economy, where it is shown by an increase in confidence in the economy.

 

Economy Watchers Sentiment indicators are reported to rise to 51.8 in March, higher than previous estimates would only increase to 46.6 from 45.9 the value of the period of February.

 

Normal range of movement of Sterling today is expected to have a support level at around 128.68 and resistance level at around 130.66.

[mynameisandhy]

Berita dan Tinjauan Ekonomi Spanyol Spanyol Bersikukuh Terapkan Reformasi Anggar

 

Spain insists Apply Budget Reform

Tuesday, April 10, 2012

 

The Spanish government continues to design the efficiency agenda to secure loans from the European Union.

 

The Government today expressed readiness to save 10 billion euro budget. To achieve this, budget cuts will include some sectors such as education, health and optimization of public service. After meeting with members of the cabinet, Prime Minister Mariano Rajoy also agreed to accelerate the privatization of national banks.

 

 

So far, the new government could ensure that the design will actually be enforced. Another new efficiency program announced in the coming weeks. This includes the privatization of some state-owned enterprises and the implementation of new rules that could increase the competitiveness of the Spanish economy.

 

 

The new reform is needed as concerns the financial industry to the quality of Spanish bonds. The only way to raise more debt instruments of this country is to cut dfisit and debt ratios. On Monday the government reiterated its determination to shrink the deficit burden to 3% of GDP by 2013.

[mynameisandhy]

News and Review of European Economic Zone

 

The focus was on China, EURO stable

Tuesday, April 10, 2012

 

The euro stabilized against the U.S. dollar today as the focus of investors focused on economic data of China and the announcement of the results of the Bank of Japan meeting for two days.

 

The euro was at 1.3111 range, after being menyentih lowest range during the last four weeks in the range of 1.30330 per dollar. Level of resistance seen in the range of 1.3130 euro dollars.

 

While the Australian dollar fell to its lowest point during the last three months due to concerns about China's economic growth looks weak and the possibility of cuts in domestic rating next month. Aussie is very sensitive to the development of China are in the range of 1.0160 per U.S. dollar.

 

The two-day meeting by the Bank of Japan will end today. Many people expect the BOJ will conduct policy relaxation like they lalukan in February. Relaxation of the policy shock has lowered the price of the yen to its lowest point.

 

Meanwhile, the dollar rose 0.2 percent to around 81.72 yen, its lowest out of the range yesterday, 81.990 yen. The dollar index was in the range 79 740, out dair lowest isaran 78.865.

[mynameisandhy]

News and Review of European Economic Zone

 

Taking a Gap Euro weakening USD

Tuesday, April 10, 2012

 

As a major world markets began to open again, investors today (Tuesday, 10/4) also began to pick up and put his position in the market in order to continue the transaction throughout the week.

 

However, the market re-alert the economic data that will emerge during this week which will provide guidance and direction of trade. In major currencies, the single currency Euro USD rally because of weakened slightly due to negative investor sentiment is still buffeted by the release of data after a bad labor weekend.

 

Poor fundamentals sparked speculation the Fed will at least cover more about the necessity of easing (QE) malalui economic stimulus. Euro rally observed to maneuver and move stable in the range of $ 1.3130-an even higher level had jumped to $ 1.3144 in early morning trading.

[mynameisandhy]

News and Review of European Economic Zone

 

The yen rose, approaching the lowest point of the euro

Wednesday, April 11, 2012

 

The yen touched its highest range for the past seven weeks against the euro after soaring interest rates in Italy. This makes the fears of European crisis erupted again.

 

The euro approached its lowest range during the last three weeks against the dollar before Italy to sell bonds for 11 billion euros today. Bonds to be auctioned tomorrow have a maturity in 2015.2020 and 2023.

 

Aussie slipped to its lowest range during the last three months as the weak Asian bourses over the past six days.

 

In the range of 105.61 yen per euro. The yen had touched its highest range since February 22 in the range of 105.45 per euro. The yen weakened 0.1 percent menadi 80.75 per U.S. dollar. The euro fell against the dollar to 1.3097 per dollar range. On 9 April, the euro had dropped to around 1.3033 per dollar, its lowest since March 15 range.

 

Aussie touched 1.0226 per dollar range, the range of its lowest since January 9. The MSCI index fell 0.9 percent today setting the Standard & Poor's 500 index fell 1.7 percent and the Stoxx Europe Index fell 2.5 percent yesterday.