Tuesday, May 22, 2018

EUR updated for at least 14 months

EUR updated for at least 14 months: Germany eased euro zone

The euro on Wednesday fell below $ 1.28 for the first time 14
months and continued to decline on Thursday on the back of strong data from the
US, weak reports from Germany and head of the European applications
Central Bank, Mario Draghi, reports Bloomberg.

Euro in the course of trading on September 25 was worth $ 1.2767 compared with $ 1.2780 at the close of the previous session.


"Our
forecast for the euro is absolutely "bearish". Previously, you could at least
select Germany as the torch of the eurozone, but now it is not so"-
said Dzhennifer Veyl of OBank Wealth Management.

According to
Draghi, exchange rates currently reflect the differences in monetary
Eurozone policy and other countries and regions of the world. The index of business
confidence in Germany, which is calculated IFO, fell in September to
the lowest level since April 2013, worse than market expectations. According to the data
National Association of Realtors, sales of new homes in the US in August
jumped 18% compared with the previous month and reached a maximum
May 2008 - 504 thousand homes at an annual rate.. analysts
average expected increase of only 4.4%.



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