Currencies  |  January 26, 2013 07:22:28

Euro for German indices shot up

Currency pair EUR / USD at the end of the trading week got down to the end of last year and the euro garnering a profit, Thursday and Friday from 1330 to 1347 values.

And thanks to publication of German macro data, which surpassed market expectations. Unlike other eurozone countries, which are still reeling on the edge of bankruptcy and a large debt. Enough, the publication of German data, and everyone forgot that the same indices French and the Italian economy, published a while before it came out quite the opposite. To illustrate just index French Flash Manufacturing PMI is expected at the value 44.9, which would be an improvement over the previous value of 44.6. Ma instead was ultimately just a mere 42.9.Same, but German German Flash Manufacturing PMI is expected also better than the previous one, which in this case was confirmed and the value 46.0 (it was 46.3 after revision of) is pulled to 48.8.
It seems that traders want to believe better future and they need to do more good news that trumps one hundred worse. On the other hand, not forgetting the words of the President of the ECB that the European economy will be in 2013 and the growth that the central bank is ready to support the economy.
From the United States lately come much better than macroeconomic news from Europe, but one and the last reports Business Week. Week-long session ended with a report on U.S. sales of new homes. There has been against the previous value of the improvements, but the market's expectations fulfilled.

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