• American focus: the euro rose

Market news

10 June 2013

American focus: the euro rose

The euro rose against the U.S. dollar, which in part helped to data from the research center Sentix, which showed that confidence among investors the euro zone improved in June, registering with the second monthly increase in a row. According to a report in the current month sentiment index rose to 11.6, up from -15.6 in May. However, it is worth noting that the last result, however, was slightly weaker than average forecasts of experts at -11.3. In addition, it was reported that a sub-index, which assesses the current situation in the euro area increased in June to the level of -28.8, compared with -32.3 in May, while the sub-index of expectations rose in particular to 7.3 from 2.8 in the previous month. The data also showed that the sentiment index for the euro zone's largest economy - Germany increased after two consecutive declines in recent months. According to the report, the sentiment index for Germany rose to 16.2 in June from 15.2 in May.

The U.S. dollar rose against the Japanese yen after the upward revision outlook for the credit rating of the United States. Meanwhile, investors are waiting for the completion of the Bank of Japan. Agency Standard & Poor's upgraded the long-term outlook for the U.S. credit rating to "stable" from "negative", citing the strength of the economy and the currency of the United States. The yen began to weaken after the start of the two-day meeting of the Bank of Japan in Tokyo. Investors are waiting for the end of the meeting, to find out whether the central bank will take any new steps to ease monetary policy after it left policy unchanged at its previous meeting, held in late May.

The pound rose against the dollar in anticipation of tomorrow's report on industrial production. Recall that in March, the volume of industrial production increased by 0.7%, beating expectations with the majority of experts.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.