Investiční bankovnictví (Komerční banka)
Currencies  |  July 30, 2012 07:27:00

Euro eventually ended with last week in the black


The common European currency last week saw a first assessment in June, mainly due to the strengthening čtvrtečnímu verbal intervention by ECB chief Draghi, who is ready, within its mandate to do anything to save the euro. During Friday's trading day was significantly longer calm, despite the euro eventually straighten up slightly. While during the morning even tested the level of 1.2250 USD / EUR, during the U.S. session, the course swung over 1.2350 USD / EUR.

The ECB on Friday, joined by politicians. German Chancellor and French President have expressed in the same tone as the day opřed by ECB chief. They, too, are ready to save the euro do anything. For lukewarm reaction is of course the question of market players on what that "anything" means. The search for answers to these questions will undoubtedly be the main this week.The ECB has announced that it will soon meet ECB chief M.Draghi meet with the head of the German Bundesbank J. Weidmann (probably Thursday) to clarify the different attitudes to enable the ECB to buy government bonds of troubled countries.

Author: Jan Vejmělek

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