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Aussie Weakens 3 Days Respectively Fueled by Concerns Due to sluggish European Stock Exchange

fxbom.com
03:13 PM

In trading this morning the Australian dollar exchange rate has decreased for three consecutive days against the U.S. dollar (29/12). Australian currency is weakening occurs after the risk of crisis in Europe continues to expand. Market participants began to return reduces the demand for currency yielding and high risk such as the Australian dollar.

The ECB yesterday said that its balance sheet has increased to reach a record high after last week by jor-rod to channel loans to banks in Europe. Market participants focused on the Italian bond sales will be done today. Italy planned to sell 8.5 billion euros (11 billion dollars) government bonds that will mature between the years 2014 to 2022 to come.

Euro-Yen Reaches Lowest Level in 10 Years by the rise of European Crisis Concerns

fxbom.com
01:40 PM

In morning trading in Asia is the euro exchange rate against the yen has dropped sharply (29/12). The euro fell to its lowest in 10 years against the yen amid growing worries about the strength of Europe’s debt crisis. It is estimated that the ECB will continue to do an injection of funds into the European financial system in order to tune the credit squeeze that occurred in the euro area.

Index Euro Gains On “Bearish Market Rally”

fxbom.com
04:01 PM

In trading forex european session this afternoon (21-12), the euro currency is generally observed to move strengthened against some other major currencies.

Driven by a fairly good performance of the German economy, the market returned to put a little optimistic about the euro. German Ifo Business Climate data were reported yesterday showed an increase to 107.2 from 106.6.

In the chart index Euros, the value of walking observed in the range 103.31, and showing the movement gained about + 0.18% from opening price today (00:00 GMT).

Assisted Euro German Economic Report The Still Positive

fxbom.com
07:30 PM

Euro currency pair to trade EUR/JPY noon today (20-12) rallied and tracked the pair traded in the range of 101.52. The euro gained as the presence of positive signal on the German economy, where it is indicated by an increase in the performance of the business sector in the country.

German Ifo Business Climate Indicator rose to 107.2 reported previously expected to fall to 106.2 from 106.6 the previous value.

In a press release this afternoon Ifo Institute for Economic Research menyapaikan that the illegal trade and the German industrial sector rose in November for the first time in four months.