TX: Euro rises significantly due to financial market turmoil
FRANKFURT (AFX) – The euro exchange rate has benefited on Thursday from the great uncertainty on the financial and approached in the late afternoon of the brand of 1.13 US dollars. Last
costing the European single currency $ 1.1296. At night, the Euro was fallen at times to $ 1.1165. The European Central Bank (ECB) has had the reference price on the
Early in the afternoon on 1.1241 (Monday: 1.1150) fixed dollar. The dollar cost order 0.8896 (0.8969) Euro.
“The great uncertainty in the financial markets has the euro exchange rate based,” said Ulrich Leuchtmann, currency expert at Commerzbank. He pointed to the fall of the Brazilian Real on a
Record low and on the decline in the equity markets. Could endanger the economic and political difficulties in Brazil, if you are on other ailing emerging markets
radiated so luminous man.
“The euro is currently being sought in times of crisis, as the US Federal Reserve considering continuing turbulence in the emerging markets continue to
could do without a rate hike, “said Leuchtmann. From the ECB will firstonce but does not expect any further easing. President Mario Draghi made it clear on Wednesday that the
Fed initially wanted to wait.
The stronger than expected rise in Ifo business climate for Germany in September was not decisive for the price gains in this environment. The
Corporate sentiment had brightened despite the problems in the emerging markets for the third consecutive year. However, the numbers were “marred by the fall in the sub-indicator for the for
Germany particularly important manufacturing sector “, Leuchtmann said.
For other major currencies, the ECB put the reference rates for one euro to 0.73870 (0.72970) British pound, 134.48 (134.03)
Japanese yen and 1.0928 (1.0882) Swiss Franc firmly. One kilogram of gold cost 31 980.00 (31 960.00) euros. The ounce of gold was in London in the afternoon with 1154.50 (1131.35) dollars
