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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Dollar Moved Near The High, Stable Stock Exchange

Monexnews-U.s. Dollar moves to close the high 7 months against most other currencies Thursday as strong retail sales data maintain optimistic growth forecasts, while Asian stock exchange survived thanks to Wall Street's new record high closing record.

MSCI index outside Japan as much as moving down 0.1%, burdened by declines in Australia stock exchange by as much as 0.3% which is hard hit by the decline in commodity prices.

The u.s. Government reported that retail sales grew 1.1 percent in the month of February in tercepatnya rate since September, lifting the u.s. dollar index to its highest since August 3, the numbers Wednesday. 83.055

(AR)

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Positive Stock Exchange: Bernanke, US Data

Monexnews-the U.S. stock market rally moves on the second day when the Federal Reserve Chairman, Ben Bernanke's commitment to ensure the stimulus efforts of the Federal Reserve, while the Euro strengthened after strong demand for government bonds auction Italy.

Good housing and business spending plan adds to the bullish sentiment for the stock exchange.

To obtain the best performance S&P stock in almost two months, while global stock index rose as much as 0.9%.

Bernanke's comments came on the second day of a statement in Congress. His defense on Tuesday for the Federal Reserve's monetary stimulus, which put a damper on the possibility of kekhwatiran program termination of the purchase of bonds after last week's meeting, was released after the Feds help U.S. stock exchanges recovered from the fall of terdalamnya since November.

(AR)

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U.S. Futures Exchange After A Bearish Employment Data

Monexnews-U.S. futures exchanges plunged, after Standard Poor's 500 index & looks will extend his descent since November, as the number of Americans who filed for benefits on pengguran last week and investors are awaiting reports on home sales.

Shares of VeriFone Systems Inc. was down as much as 36 percent after the company predicted that second quarter profit was not able to answer analysts forecast worsening economic conditions are karea in Europe. Meanwhile, Wal-Mart's stock rose as much as 1.1 percent as the world's largest retailer reported that profit the company has surpassed Analyst estimates.

"The action of selling on Wall Street shows that the market is resting for a moment to take a breather because the Fed showed some uncertainty with the back of his comments on monetary policy," said Richard Hunter, head of equities at Hagreaves Lansdown Plc in London. " Fragile sentiment again. Investors will continue to digest the meaning of minutes as aright today, and coupled with some more news from the corporate and economic news that will probably become petujuk for the market. "

(fsyl)

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The Exchange Rate Of The Euro Is Pretty Good

Monexnews-Finance Minister of Germany, Wolfgang Schauble, said the exchange rate of the euro is quite stable and trading range of $ 1.33 or $ 1.35 is pretty good. It certainly confirms that Germany did not have a problem with the strengthening of the euro exchange rate that occurred since June 2012 and reiterates that the euro exchange rate is not too high. Yesterday, the Chancellor of Germany also suggested not too expensive and euro exchange rate at $ 1.30 to $ 1.40 is still normal.

Germany's statement is quite a contrast with the attitude of France is concerned about the negative impact that could be caused if the strengthening euro continued during the year to come. Some officials in Europe too concerned the strengthening of the euro could slow down the economic recovery process, especially with a recession almost hit the entire euro-zone members.

Meanwhile, the euro is attempting to reduce the attenuation in the New York session. EUR/USD is traded now, try to steer clear of 1.3202 low level daily 1.3166 (fr)

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Draghi: The Exchange Rate Is Not A Target Of The Policy

Monexnews-the exchange rate is not a policy of the central bank's target, according to the President of the European Central Bank Mario Draghi on Monday. However, Draghi stressed that if the exchange rate has had an important role to help central banks in judging price stability which becomes the main mandated. Those comments made before attending European Draghi Parliament's Committee on Economic and Monetary Affairs in Brussels.

The statement is in line with the results of Draghi group meetings and developing the G20 industrial Nations last weekend, where they announced the devaluation of the currency that the competition is not going to happen.

The issue of ' currency war ' increasingly heated up since the election of Shinzo Abe as Japan's new Prime Minister. Abe assessed market participants will encourage a more accommodating monetary policy, which will increasingly weaken Japan's currency.

A discussion of the currency war is also increasingly spread in Europe over spiralling Euro, which was helped by the growing belief that the worst phase of the crisis Europe has passed. The Euro has so far observed have been strengthened against other major currencies, thus presenting a threat to exports and the rate of eurozone economic recovery.

In this same time, Draghi also warned that the ECB is starting to realize the risks of holding policy in the period berkepanjangang. Low interest rates, which have been maintained since July last year, are at risk of triggering the penggelembunga housing prices or assets in the eurozone. "As with any painful crisis, bubble can also pose a huge cost for the real economy," added Draghi. (vid)

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European stock exchange, dragged down by Negative Novo Nordisk

Monexnews-

European stock exchanges slid, extending the decline in two weeks, along with the shares of Novo Nordisk A/S experienced a significant decline in the last four years. U.S. index futures only a few moves, while most Asian bourses were closed for the lunar new year.

Novo Nordisk shares are down about 15 percent in Copenhagen after failing to get support from the u.s. for the new insulin. Meanwhile, shares of Royal Ahold NV rally around 5 percent after it agreed to sell 60 percent of its shares to ICA, which is Sweden's largest food retailer, for $ 1.9 billion. Bilfinger shares strengthened of SE 1 percent after the construction company Jermna reported earningsnya that the result exceeded Analyst estimates.

"Pausing to take a breath is quite reasonable," said Henry Dixon, a financial manager at Matterley Ltd. in London, who told Mark Barton at Bloomberg Television in London. We've got "a good start to the year."

Meanwhile, the Ministers of the European zone will meet today to discuss aid for Cyprus and Greece as the tight election in Italy and the existence of a political scandal in Spain that threatens to reignite a debt crisis in the region. The head of the G-20 finance and central bank are to meet in Moscow on Friday.

(fsyl)

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Australia stock exchange In the high 30-month Yen and Positive Gold

Monexnews-Australia stock exchange traded at its highest level in almost three years and the Yen strengthened against the u.s. dollar, while gold moved up when most Asian stock exchanges closed associated holidays.

Trading on the stock exchange is likely to take place more quiet than usual with stock in Japan, China, Hong Kong, South Korea, Taiwan, Viet Nam, Singapore and Malaysia are closed for a holiday today.

As many as 300 companies listed on the MSCI Asia Pacific index have released earnings reports this quarter and as Bloomberg estimated, about 53% has exceeded expectations. Approximately 54% had a fumble of estimates, according to data released by Bloomberg. This compares with 75% of the companies listed on the S&P that reaches an estimated 500 high earnings during that period, while as much as 33% due to the decline in sales is weakening.

(AR)

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