That is the question that torments analysts exchange market last weekend. Despite the movements that have affected the European single currency, especially early in the week slightly down against the dollar and the yen, the currency of the euro area has maintained much against the dollar on the foreign exchange market.
The euro was particularly strong in its growth by the index the most anticipated of the week: the Ifo index. Contrary to expectations, the Ifo index showed a surprise increase for the month of May, stood at 103.5 points against 102.4 points the previous month. This increase in the Ifo index falls in line with good statistics on growth in Germany. The progression of the single European currency on the Forex is explained by the recovery of confidence in economic prospects in the euro area, which has the effect of supporting the European currency. Indeed, with growth that is less bad than expected and a slowdown in inflation, the strategy, both decried, especially by France, the ECB seems to pay.
Tags: forex brotherhood, forex-systems, online forex trading, forex
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