Friday, December 23, 2011

Height of the euro in anticipation of the debt crisis

Height of the euro in anticipation of the debt crisis
The euro rose against the dollar on Friday as appetite for risk following the declaration that U.S. data are encouraging.
But it is unlikely to return to the investors sell the euro in 2012, with continuing uncertainty surrounding the European debt crisis.
The data showed a decline in the number of weekly jobless claims for the unemployed in the United States to its lowest level in three and a half years, while U.S. consumer sentiment improved in December.
These data prompted the U.S. stocks and the euro's rise, although some dealers said the deal sizes were weak with the approach of Christmas and holiday gala of the year.
The European currency rose by 0.3 percent to a record 1.3085 dollars and above for the lowest level since 11 months and noted in a recent at 1.2945 dollars. But the euro is still down about 2.1 percent during the year.
He spoke for dealers selling orders at 1.3120 dollars, which could push the euro to rise that was attainable.
And published in The Wall Street Journal story it said that the Federal Reserve (the Fed) has committed to keep rates near zero, leading to the year 2014. The report said that the Council had announced this decision at its next monetary policy formulation and decision on 24 and 25 January.
But with the possibility of reducing the credit rating of some countries in the euro area remain concerns about the European currency list.
The euro fell to its lowest level ever against the dollar Australian to score 1.2841 Australian dollars and come down by 1.8 percent during the week. The euro also fell near the lowest level in three months against the dollar New Zealand registered NZ $ 1.6810.
Frensk and against the Swiss, which is a safe haven euro was steady at 1.2219 francs.
The dollar index fell 0.2 percent to 79.771. Against the Japanese currency dollar yen 78.01

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