The euro hit three-month low against the dollar as European ivhm Central Bank President Mario Draghi ivhm hinted that politicians are willing to take action in June, when they see that low inflation entrenched. Euro below the 200-day moving average on the second day. The New Zealand dollar fell a third day after the trade surplus ivhm narrowed. The yen fell to its lowest ivhm level against the U.S. dollar during the week, and the deputy head of the Bank of Japan Kiko Iwata said that excessive income in foreign currency are bad for the country's exports. The euro was little changed at 1.3641 dollars after falling to 1.3615 dollars, the weakest level since Feb. 13 and below its 200-day moving average at 1.3639. The single currency in Europe was little changed at 138.99 yen after falling to 138.15. U.S. and UK financial markets are closed today for holidays. The euro fell 1.4% last month, the worst performance after the Swiss franc among the 10 developed national currencies. The dollar rose 0.2%, the yen by 0.4%. Managers of hedge - funds and other large speculators believe that the euro will weaken against the dollar. "We have not come to terms, allowing inflation to remain too low for too long. And let vigilant," - said Draghi, ivhm speaking at a forum in Sintra, Portugal.
Tuesday, June 10, 2014
The euro hit three-month low against the dollar as European ivhm Central Bank President Mario Dragh
The euro hit three-month low against the dollar as European ivhm Central Bank President Mario Draghi ivhm hinted that politicians are willing to take action in June, when they see that low inflation entrenched. Euro below the 200-day moving average on the second day. The New Zealand dollar fell a third day after the trade surplus ivhm narrowed. The yen fell to its lowest ivhm level against the U.S. dollar during the week, and the deputy head of the Bank of Japan Kiko Iwata said that excessive income in foreign currency are bad for the country's exports. The euro was little changed at 1.3641 dollars after falling to 1.3615 dollars, the weakest level since Feb. 13 and below its 200-day moving average at 1.3639. The single currency in Europe was little changed at 138.99 yen after falling to 138.15. U.S. and UK financial markets are closed today for holidays. The euro fell 1.4% last month, the worst performance after the Swiss franc among the 10 developed national currencies. The dollar rose 0.2%, the yen by 0.4%. Managers of hedge - funds and other large speculators believe that the euro will weaken against the dollar. "We have not come to terms, allowing inflation to remain too low for too long. And let vigilant," - said Draghi, ivhm speaking at a forum in Sintra, Portugal.
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