US Dollars in low levels
American Dollar continued to be on its 2-week bottom, in comparison with almost all world's currencies. This happened because of the weak american datas for productional activity, which increased the possibility for new interest level decreasment of FED. The Filadelfian index of business moods had decreased with 24 points in February, which is the hardest decreasment from 2001. This made brokers to start calculation of new decreasment of interest level with 50 basic points of March meeting of FED. Analyzers commented, that there are a little possibility Bernanke, to make one more agressive correction with 75 basic points to the level ot 2.25%.
The comments of Jean-Claude Trichet that European Central Bank should fight with the raising inflation in the Eurozone, made the situation for the US Dollar even harder. In latest datas, the inflation in the Eurozone is 32% on yearly base, but the Bank always trys to keep it under 2%.
"The US Dollar is getting hits from everywhere, and yeasterday's economy datas jjust finished the curent session", commented Danish analyzer in intervue in Reuters. "As a difference from USA, in Eurozone we don't expect soon decreasment of the interest level, which is signal for conitnues US Dollar's weakness", continued he.
At the moment 1 EUR is 1.4830 USD, when earlier today it was 1.4854 USD. JPY is at price of 107.10 per USD and 158.85 per EUR.
Labels: Financial News
posted by Zoritza Petrova @ 5:34 AM
0 Comments:
Post a Comment
<< Home