Wednesday, July 24, 2019
Home Business Market: the euro at almost two years' lows

Market: the euro at almost two years' lows


The dollar continues to rise against the euro, which returns below the threshold of $ 1.12

(CercleFinance.com) – Thursday noon on the foreign exchange market, the single European currency continued to lose ground after the publication of a disappointing indicator for Germany yesterday morning. After losing 0.60% yesterday, the euro still yields 0.20% this afternoon and returns to 1.1133 dollars. It loses 0.45% against the yen but remains neutral against the sterling and the Swiss franc.

Published yesterday, the Ifo index measuring the business climate in Germany fell short of expectations, coming out last month at 99.2 points, while it was expected at 99.9 and after 99.6 previously. The expectations sub-index is also below expectations (95.2 vs. 96).

'The European currency has reached a low since June 2017 against the dollar after the publication of the Ifo index of the business climate in Germany in April, which reinforces – in the eyes of forex traders – the idea of ​​a widening of the growth gap between Europe and the United States, comment Paris analysts this morning.

'Still mediocre indicators', we are sorry at the Bank Postale. 'It is still compatible with growth of 1.2% this year in the euro zone. But German rates have dropped below 0% and the euro has fallen below 1.12 against the dollar for the first time in two years, say experts.

'Ifo weakens slightly, but' business climate 'and' present prospects' remain above the long-term average, only the 'outlook' is below. Here too, a mediocre message, without real re-acceleration of growth and a trend that remains close to potential, "they add.

EG

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Expectant mothers on the Mediterranean diet are less prone to gestational diabetes or are on the increase

Pregnant women who follow a Mediterranean diet are less prone to gestational diabetes, a study found.The diet, rich in healthy fats and low in...

Grillo's wrath

POLICY <! - POLICY -> Published on: 07/23/2019 22:09 He doesn't answer the phone or text messages from...

Bayern Munich against AC Milan in the live ticker: Bavaria totally superior – when falls the first goal?

FC Bayern München meet AC Milan in the last friendly of their USA trip. Here is the live ticker for the game.Bayern Munich -...

The details of the seizure by North Korea of ​​a Russian ship have appeared: Accidents: World: Lenta.ru

The Russian ship "Xianghailin-8", detained by North Korea in the Sea of ​​Japan, was on the standard route. This was announced by the deputy...