Friday, May 10, 2013

The Car Insurance Info: The dollar-euro exchange rate is flat because the stock market strengthened

New York (The Car Insurance Info)-the dollar-euro exchange rate is flat while the yen strengthened on Tuesday (Monday morning EST), in Forex trading is pretty quiet, with the euro retains his strong statements supported on Germany's industrial orders.

At 22: 00 GMT (05.00 GMT Wednesday), the euro was at 1,3077 dollars compared to 1,0374 dollars at the end of Monday. Both the dollar and the euro, helped by strong investment inflows into securities on both sides of the Atlantic, amid recovering investor confidence to the global economy.


While the yen rose against both currencies, because stocks Tokyo surged 3.6 percent to their best level in nearly five years.


The dollar was at 98,96 yen from 99,31 yen, while the euro bought 129,41 yen, down from 129,87 yen.


The Euro briefly surged in the afternoon after data showed Germany industrial orders unexpectedly rose strongly in March, amounting to 2.2 percent, driven by increased demand--both inside and outside the country--for goods made in Germany.


David Song of DailyFX relate setbacks came back from early gains on hope that the European Central Bank (ECB) leaning towards monetary easing.


"The Central Bank may indicate a greater willingness to implement negative interest rates in the euro area when the trouble it was back to growth," he said.


United Kingdom Pound handed over his Ascension to the greenback for the second successive day, by successive meetings of the monetary policy of Central Bank United Kingdom (BoE) on Wednesday and Thursday.


The Pound was at 1,5484 dollars, down from 1,5539 dollars at the end of Monday.


Song predicted the meeting will maintain the current policy does not change, because the United Kingdom's economy was returning to growth.


"We'll see sterling maintain uptrend back to March because the central bank appeared to slowly move away from the easing cycle," he said.


The dollar rose to 0,9406 francs from 0,9382 francs in Switzerland, AFP reported.


(SYS/A026)




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Title Post: The Car Insurance Info: The dollar-euro exchange rate is flat because the stock market strengthened
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Author: Mohammad Zulfi Satriawan

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