Euro Steady After Previous There Sell The Aggressive Actions. The euro is currently stable after the aggressive sell-off was triggered by a decline in Germany's DAX index on the issue of resignation of Bundesbank chief Weidmann. But the news was denied by the Bundesbank and the Dax began to rise from the low level. EUR / USD had previously been at the lowest level at 1.3267, while EUR / USD moves the range 1.3338. EUR / JPYsempat weakened to 117.32, and is now moving the range 118.38 and EUR / CHF rose to 1.2835 from 1.2338 at the low level.
German sentiment Try Recover Euro
The euro weakened after subtract German sentiment data provide hope for continued momentum of economic growth in the euro-zone's largest. German economic sentiment rose to 31.5 for the month of January; better than the 12.0 forecast and the publication of the previous 6.9. This is the highest level in three years. EUR / USD is now trading 1.3326, moving away from a daily low of 1.3266Other data released at the same time it also suggests the euro-zone economy can get out of the recession. Euro-zone economic sentiment rose to 31.2 for the month of January; better than predicted 14.2 and previous publications 7.6. The euro zone falls back into recession in the third quarter of 2012. Although the ECB's Draghi has uttered economic activity remained weak in the early half of 2013, but the ECB President is optimistic the economy to recover in the second half of 2013.
EURUSD Down Ahead of Data Release Eurozone Economic Activity
The single currency Euro fell below 1.3300 after the opening of the European session, pressured by warning of losses of the banking sector, especially in Germany and Italy as Deutsche Bank after approval of a new tax burden on some money market transactions in the 11 eurozone member states. At the meeting of finance ministers in Brussels has been no new comments about the Euro price level, so that market participants will shift focus to comments ECB President, Mario Draghi and European economic data, including the expected German ZEW survey could show improvement sentiment index.
After the results of various European bond auctions go well, the risk of sovereign debt has decreased significantly so that there are still reasons bari investors to remain optimistic, but the report could affect the rate of growth of confidence in the short term. For that reason, the data ZEW, Eurozone PMI surveys and IFO report may provide new clues on euro zone economic activity. If the data released ZEW weaker, then it is not possible pairing EURUSD fell again to around 1.3250 especially at the same time there is a profit warning from Deutsche Bank which has dragged the German DAX stock index and EURUSD to 1.3297 range, or -0.11% down so far.
German sentiment Try Recover Euro
The euro weakened after subtract German sentiment data provide hope for continued momentum of economic growth in the euro-zone's largest. German economic sentiment rose to 31.5 for the month of January; better than the 12.0 forecast and the publication of the previous 6.9. This is the highest level in three years. EUR / USD is now trading 1.3326, moving away from a daily low of 1.3266Other data released at the same time it also suggests the euro-zone economy can get out of the recession. Euro-zone economic sentiment rose to 31.2 for the month of January; better than predicted 14.2 and previous publications 7.6. The euro zone falls back into recession in the third quarter of 2012. Although the ECB's Draghi has uttered economic activity remained weak in the early half of 2013, but the ECB President is optimistic the economy to recover in the second half of 2013.
EURUSD Down Ahead of Data Release Eurozone Economic Activity
The single currency Euro fell below 1.3300 after the opening of the European session, pressured by warning of losses of the banking sector, especially in Germany and Italy as Deutsche Bank after approval of a new tax burden on some money market transactions in the 11 eurozone member states. At the meeting of finance ministers in Brussels has been no new comments about the Euro price level, so that market participants will shift focus to comments ECB President, Mario Draghi and European economic data, including the expected German ZEW survey could show improvement sentiment index.
After the results of various European bond auctions go well, the risk of sovereign debt has decreased significantly so that there are still reasons bari investors to remain optimistic, but the report could affect the rate of growth of confidence in the short term. For that reason, the data ZEW, Eurozone PMI surveys and IFO report may provide new clues on euro zone economic activity. If the data released ZEW weaker, then it is not possible pairing EURUSD fell again to around 1.3250 especially at the same time there is a profit warning from Deutsche Bank which has dragged the German DAX stock index and EURUSD to 1.3297 range, or -0.11% down so far.
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