Euro goes down in value the U.S. Due to tough negotiation Fiscal. The single currency Euro seems sturdy perch above the range of $ 1.32 trading on Thursday thanks in part investor optimism after the release of a German business confidence data beat expectations amid rising optimism over Greek debt settlement. Ifo data showed German business sentiment rose for the second month in a row until December, thus supporting the expectation of recovery in Europe's biggest economy after economy slightly depressed in recent months. Speculators also seems there is still cut short position on the euro easing concerns over the region's debt crisis.
However, the current Euro level is much lower when compared to yesterday's session was to a high of $ 1.3308 which is the area of the peak in the 8 ½-month high against the USD. Euro Correction is caused discussion along U.S. fiscal deficit reduction discussions after Obama threatened to veto. But eventually negotiated to avoid "fiscal cliff" gradually subside after John Boehner said the House of Representatives will put forward a budget proposal that has been veto by President Barack Obama. President Barack Obama said the two sides to within 200 billion dollars to an agreement and avoid a "fiscal cliff," and he was ready to finish the job. The euro exchange rate is now listed at $ 1.3216 after only capable climbed to a high of $ 1.3230.
U.S. Fiscal Anxiety Triggers Asia corrected
In general, today (Thursday, 20/12) Asian stocks suffered losses after the session yesterday rallied up to a high level in 17 months. Correction for the day, influenced by a selloff in U.S. equities due to prolonged politicians talk about 'fiscal gap' United States (U.S.). U.S. President Barack Obama and some Republican leaders are now a long discussion about rising taxes and budget cuts next year. Many people rate it could affect the U.S. economy in the future, even iru prompting concerns that the world's biggest economy will go back into recession zone. However, investor expectations remain hopeful a deal could be reached as soon as possible. Besides expectations of further easing measures from the Bank of Japan which was originally going to end the meeting today, also would boost market sentiment.
In Asia, Nikkei - Japan had slipped more than 1 percent ahead of the policy meeting the Bank of Japan (BOJ) after yesterday's sharp rally that made the index ended above the critical level of 10,000 for the first time since April. While the Stock Exchange of Hong Kong - Hang Seng also be corrected by 0.35% due to more widespread investor uncertainty related to the discussion of countermeasures 'fiscal cliff' protracted U.S..
While the Kospi stock - South Korean won gains today even after the Korean market closed yesterday regarding the presidential elections in the country. Traded stock, sector exporters apparent rebound as the market digested and acquiring regional markets rallied on the session yesterday when the Kospi stock lid.
However, the current Euro level is much lower when compared to yesterday's session was to a high of $ 1.3308 which is the area of the peak in the 8 ½-month high against the USD. Euro Correction is caused discussion along U.S. fiscal deficit reduction discussions after Obama threatened to veto. But eventually negotiated to avoid "fiscal cliff" gradually subside after John Boehner said the House of Representatives will put forward a budget proposal that has been veto by President Barack Obama. President Barack Obama said the two sides to within 200 billion dollars to an agreement and avoid a "fiscal cliff," and he was ready to finish the job. The euro exchange rate is now listed at $ 1.3216 after only capable climbed to a high of $ 1.3230.
U.S. Fiscal Anxiety Triggers Asia corrected
In general, today (Thursday, 20/12) Asian stocks suffered losses after the session yesterday rallied up to a high level in 17 months. Correction for the day, influenced by a selloff in U.S. equities due to prolonged politicians talk about 'fiscal gap' United States (U.S.). U.S. President Barack Obama and some Republican leaders are now a long discussion about rising taxes and budget cuts next year. Many people rate it could affect the U.S. economy in the future, even iru prompting concerns that the world's biggest economy will go back into recession zone. However, investor expectations remain hopeful a deal could be reached as soon as possible. Besides expectations of further easing measures from the Bank of Japan which was originally going to end the meeting today, also would boost market sentiment.
In Asia, Nikkei - Japan had slipped more than 1 percent ahead of the policy meeting the Bank of Japan (BOJ) after yesterday's sharp rally that made the index ended above the critical level of 10,000 for the first time since April. While the Stock Exchange of Hong Kong - Hang Seng also be corrected by 0.35% due to more widespread investor uncertainty related to the discussion of countermeasures 'fiscal cliff' protracted U.S..
While the Kospi stock - South Korean won gains today even after the Korean market closed yesterday regarding the presidential elections in the country. Traded stock, sector exporters apparent rebound as the market digested and acquiring regional markets rallied on the session yesterday when the Kospi stock lid.
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