reporter Zhang Qin Feng
after the successive create stage highs against the dollar, European currencies euro, sterling exchange rate against the dollar to usher in a small correction. However, analysts said, the current logic of supporting stronger euro, Sterling remains, in the short term both of these currencies against the dollar after the callback is expected to continue upwards.
recent foreign exchange markets are turbulent, geopolitical tensions in the Middle East and Japan earthquakes provide Feng Wo soil for breeding grounds of risk aversion. However this time, the traditional safe-haven currency dollar failed to take the opportunity to reverse declining popularity, but suffered sustained callback, xiaxie above the dollar index all the way from 77 points to 75 points mark. At the same time, European currencies but scenery infinite, euro, pound sterling both create stage highs against the dollar.
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Portugal endangered appealed Cliff euro is test EU Summit or difficult saved euro Brazil Central Bank will contain credit soared European debt worries Judah save interest rates expected fuzzy order European currency plays earthquake seven country group prepared again intervention Yen exchange rate Spain smooth issued 2.05 billion euro bonds [RMB premium][market Center]on short-term, , US dollar weakness again, safe-haven "amulet" failure, of course, there is a strong appreciation of the Yen's interference, but from the perspective of trends, funds in US dollars and euro currencies between configurations is pushing down the underlying factors. Can see that the yen against the dollar this week has largely stabilised, while the dollar index has continued downward, that at one point in the 23rd hit 75.25 nearly 15-month low points.
in fact, tend to carry the expansion in Europe and America has always been dollar weakness main factors this year. Since the end of last year, with the economy back on track, European and American economies out of loose monetary policy is expected to increase. But because of the greater inflationary pressure facing eurozone, currency rates in Europe and America "time difference" final round red-European currency, left out in the dollar.
in March, has diversified the power of the euro's appreciation against the dollar. First, first index display European economic continued to good, Europe Central Bank senior also on several occasions hair dryer, strengthening has market on eurozone interest rates of expected; second, Japan encounter earthquake tsunami attacks, plus Middle East situation turmoil, firm has fed continues to implementation quantitative loose currency policy of belief, dollars medium-term faced continues to go weak of pressure; third, this month 24th, and 25th will held EU Summit, will eurozone for solution its debt and Bank problem of efforts may continues to boost investors on euro of confidence.
create stage both in euros, pound sterling against the dollar after the new high, 23rd Asian trading the euro, the pound sterling exchange rate against the dollar correction. However, analysts say, in support of potential interest rate hike expected, coupled with the pressure there is a continued weakening of the dollar, the future euro currency appreciation against the dollar still exists for space.
