US Dollar getting power versus the EUR
On Monday the dollar marked a new seriously slumping, reaching its highest levels against the euro since October last year here. Support the U.S. currency as proved that the U.S. government decided to assume control over the mortgage giants Fannie and Freddie, and news from the European markets that are experiencing seems ever more serious problems because of the crisis in the financial sector and delayed global economy.
Yesterday marked increase in the single currency early in the day, but then went sharply down under the pressure of news from the euro and the intervention of central banks in Korea and Russia to support their currencies as they aim to increase purchases of dollars from international markets and are spending its reserves in euros.
At the same time, it appears that the U.S. economy has reached bottom and is now slowly begin to recover. Investors have adopted the government's moves against the two mortgage giants is a strong positive signal to overcome the problems of Mortgage Market in the United States. In the EUR yesterday also reported a reduction in the index of investor confidence SENTX. Yesterday the European currency got cheaper to 1.4053 dollars, which is its lowest level in 11 months here, having finished the day at levels of 1.4128 dollars. The US Dollar index calculating the presentation of U.S. money to the currencies of the six major trading partners of the United States increased to one-year peak of 79,844 points.
Labels: Financial News
posted by Zoritza Petrova @ 4:38 AM
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