FX & CFD trading involves significant risk
Yesterday the euro rose to six-week high against the dollar, which was caused by information that Greece may hold an auction to buy back government securities in the amount of 10 billion euros ($ 13 billion). In connection with this concern that the debt crisis in the region is deteriorating slightly decreased.
The dollar index (DXY) dropped to one-month low amid tightening position among U.S. lawmakers about how to avoid the so-called "financial failure."
Also, Credit Suisse Group AG said some customers that will introduce negative interest rates on cash balances in Swiss francs. Against this background rate EUR / CHF showed the biggest increase since September, and reached CHF1.2086.
At the same time, analysts say that the euro is likely to survive, because, despite the fact that Europe has a serious problem, more and more people are coming to the realization that these problems will continue to exist, though for a long time, but they are not fatal.
We also note that today the yield on 10-year Spanish bonds fell to 5.2%, the lowest level since March, while the yield of similar bonds in Italy dropped to 4.4%, which is the minimum value for the year.
Pound increased since released a report showed that the index of business activity in the manufacturing sector reached Britain climbed to 49.1 from 47.3, exceeding forecasts at 48.1.
Also this trend was due to the fact that market participants are waiting for the meeting of the Monetary Policy of the Bank of England, to be held this week. This interest is caused by the recent comments of the Bank of Mervyn King suggests that, in the coming months, the volume of purchases of government bonds can be increased.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.