EUR/USD Euro rebounded above $ 1.2600 on the comments of the head of the IMF

Market news

3 July 2012

EUR/USD Euro rebounded above $ 1.2600 on the comments of the head of the IMF

IMF chief Christine Lagarde urged the U.S. to an additional stimulus to prevent economic slowdown, as evidenced by the drop in ISM index in the manufacturing sector to around 49.7 in June. It should be noted that Lagarde addressed to politicians, not the Fed. In addition, she stated that the dollar is overvalued, which causes the upward movement of the EUR / USD charts.

European stocks closed in plus: FTSE 100 5,687.73 +47.09 +0.83%, CAC 40 3,271.2 +31.00 +0.96%, DAX 6,578.21 +82.13 +1.26%

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