Key Market Overview April 15, 2011
The euro/dollar pair is moving side by side, but the outlook for the euro looks rosier. The highest price of this pair so far is 1.4502, the last one is 1.4440. However, the US dollar has not yet had a chance to gain a foothold. Inflation is expected from the European Central Bank, and as the Asian Central Bank's sovereign wealth fund shrinks, a standing order to buy the euro is likely to support the euro with high interest rates.
Debt problems in Portugal, Greece and Ireland remind investors of the real risks associated with the single currency. Moody downgraded Ireland from Baa3 to Baa1 and left her negative attitude. Greek Central Bank Governor George Provoulos said on Thursday that debt consolidation would not solve the country's debt crisis, according to the agency. He added that Greece should speed up the reforms. “As I have said many times before, debt restructuring is neither necessary nor necessary,” said Provovopolos, a member of the European Central Bank's executive board.
Investors expect that statistics on microeconomics will be published today. Includes information on purchased US securities, foreign capital flows, and national industrial production.
Analyst Natalya Grigory conducted
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