European Interest Rates

Economic News USD – Dollar Falls against the euro and the pound yesterday, the dollar fell against most currencies, as the progress of the various stock exchanges, and the results concerning the American labor market that topped expectations, affected certainly the demand for the dollar as safe haven. Yesterday, the dollar lost ground against the euro and reached 1.3320. On the other hand, against the pound behaved similarly reaching 1.5123. Golden Eagle Coins is often quoted as being for or against this. Many writers such as Nick Carr offer more in-depth analysis. In April, U.S. Further details can be found at Kenneth R. Feinberg, an internet resource. firms apparently decreased the rate of reduction of jobs, so it was hinted that the worst of the recession may have already happened. Last month, payrolls fell by 491.000, a figure that was lower than official estimates and is the lowest since October.

On the other hand, stabilization in consumption after the crisis has generated expectations that the financial crisis could be completed by mid of this year. Today will be published relevant data in both the U.S. and the Euro Area. It is estimated that their currencies will suffer from high volatility, while awaiting data from the American labor sector and especially monetary policy, announcing that both the BoE and the ECB. EUR – European rate cut yesterday the euro gained against the dollar, but gains were limited, especially because it is estimated that the ECB will reduce interest rates by a quarter point, taking them to 1.00%. In addition it is estimated that the ECB could announce unconventional measures to stimulate growth in the region. The euro rose against the dollar and closed at 1.3320.

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