Investiční bankovnictví (Komerční banka)
World markets  |  April 15, 2013 08:19:00

Euro at the end of the week corrected from 1.5 month high

The common European currency at the end of last week corrected to profits during the week reached. While at the beginning of the week, the course was still a below 1.3000 USD / EUR at the end of Thursday's trading, the exchange rate fell to $ 1.3150 level supervision / EUR. During Friday's session euro corrected return to 1.3050 USD / EUR. During the U.S. trading, the dollar kicked my legs unfavorable indicators from the U.S.. The final course of the past week and close below 1.3100 USD / EUR. As a result, the euro last week garnering profits of less than one percent.

The U.S. dollar suffered at the end of the week not too encouraging macroeconomic data. March retail sales is not bound to the encouraging data and February's disappointing decline of 0.4% m / m Unfortunately, even the prospect of another month from the perspective of households are not too encouraging.Preliminary statistics April consumer sentiment University of Michigan experienced an unexpected and profound drop in nine-month minimum. It thus appears that U.S. households are afraid of the negative impact of fiscal consolidation started. Common European currency, then at the end of last week encouraging outcome of the informal summit of European finance ministers. They have agreed to extend financial assistance to Ireland and Portugal for seven years. Furthermore, it was reported that 10 billion package for Cyprus is ready. Now the waiting just for ratification in national parliaments.

Home of the week will bring in terms of the foreign exchange market rather secondary indicators. The euro area will see today the February trade balance. Weak domestic demand is expected to increase total assets. A slightly more interesting data comes from the United States.Published in the March statistics inflows of portfolio investment in the U.S. and in particular the first April leading indicator as Empire Manufacturing index evaluation industrial activity around New York City. The market expects a slight decrease compared to March. It should be noted, however, that it is a highly volatile and therefore not a reliable indicator.

During the week the published indicators should not be too encouraging and will continue to cause concern about economic growth in the euro area and the USA. Immediately tomorrow will likely further decline in investor confidence in Germany, when we are afraid been a significant drop in April ZEW index. From the United States will see the March industrial production. The monthly dynamics, in comparison with February should be less than half.Other interesting data will then bring up Thursday when we will see regular Jobless Claims and Philadelphia Fed index from. These indicators would already have sounded so bad might not. Overall, however, disappearing fundamental reasons for the continued strengthening of the euro.

Author: Jan Vejmělek

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

Last news from the section World markets:

St   8:34  Odražení na Wall Street se nekoná ČSOB-Dealing (ČSOB-Dealing)
St   6:38  Hash wars začínají: měnu bitcoin cash čeká hard fork Kryptomonitor (

Read also:

May 21, 2012At the end of the week the euro corrected its losses Investiční bankovnictví (Komerční banka)
November 15, 2010Euro v závěru týden lehce korigovalo předchozí ztráty Jan Vejmělek (Komerční banka)

Euro v závěru týdne korigovalo ze 1,5 měsíčního maxima

Diskuze a názory

Na dané téma nejsou žádné názory.

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

Copyright © 2000 - 2018, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688