Investiční bankovnictví (Komerční banka)
Currencies  |  September 03, 2012 08:36:00

Euro at the end of the week strengthened


Ben Bernanke in his speech Friday in Jackson Hole surprise markets. He expressed the view that non-standard monetary policy measures, such as quantitative easing, are working. Also pointed out that U.S. unemployment is still high and the reduction will not be a quick process. Bernanke suggested quite the arrival of a new QE, but according to our colleagues from the SG, this step is likely already at the next FOMC meeting 12 to 13 September. Friday will be particularly important statistics of new jobs in the U.S. economy, where SG awaits the outcome of only 70 thousand. (Consensus 120 thousand.).

This week, attention will deny markets to čtvrtečnímu ECB meeting. Our colleagues from SG expect further reductions in the main refinancing rate by 25 bps to 0.50%, the deposit rate should remain at zero.But most important is how Mario Draghi comments on (apparently) the planned repurchase program of bonds of peripheral countries. Since meeting the German Constitutional Court on the ESM accordance with the German constitution, which will be held until next Thursday, but our colleagues at a meeting of the ECB expect only rough sketch outline program of buying bonds.

Euro on Friday thrive, probably due to expectations holubičího speech Ben Bernanke. The common European currency have scored more than half percent when the interbank market shifted to 1,257 USD / EUR.

Today in Europe we see the August PMI indicators of industry in Germany and the EMU as a whole will be the final data.

Author: Marek Dřímal

Tyto zprávy pro vás vytváří Investiční bankovnictví KB.
Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Currencies:

Po   8:45  Jak Američané vidí (nejen) svou budoucnost? Research (Investicniweb.cz)
Po   8:33  Vývoj na devizovém trhu – ranní zprávy 21.8.2017 Akcenta (AKCENTA CZ)
Po   8:33  Koruna čeká co ECB naznační v Jackson Hole ČSOB-Dealing (ČSOB-Dealing)
Po   8:10  Pondělní obchodní seance 21. 8. 2017 STOX.CZ (Grant Capital)

Read also:

December 16, 2016Euro ani jen se ke korekci na závěr týdne nedostaly Patria (Patria Online)
November 21, 2011Euro na závěr týdne mírně posílilo Investiční bankovnictví (Komerční banka)
November 27, 2009Koruna v závěru týdne vůči euru posílila Jan Vejmělek (Komerční banka)
May 07, 2009Česká koruna v závěru týdne posílila k 26,60 CZK/EUR Jan Vejmělek (Komerční banka)
July 02, 2007Euro v závěru týdne proti dolaru posílilo nad 1,3500 Jan Vejmělek (Komerční banka)

Euro v závěru týdne posílilo

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688