Friday has not made any major changes in the international currency market. Quotations major pairs continued to consolidate in a narrow band against the background of weak activity and low volumes of trades on the forex. Released in this day makrostatistika (including the euro) has not been able to shake up the players. Meanwhile, the entire last week came out in the European Monetary Union statdannye had a negative connotation.
According to the agency Eurostat, unemployment in the region in May, reached a maximum value over the past 10 years - 9,5%. In this regard, the European Commission forecast of 9.9% by year-end is still quite optimistic. In doing so, European Commissioner for the next year expect the unemployment rate will rise to 11.5%.
Not surprisingly, the president of the ECB on the traditional press conference after the meeting, the regulator said that in the bank waiting for the start of the restoration of the European economy is not earlier than in 2010
Given the challenges in the labor market continues to decline consumer activity, with the result that in June, according to preliminary estimates, annual inflation in the euro for the first time in the history of reference of such statistics (since 1998) has gone negative territory: -0, 1%.
Despite the infusion of billions of dollars of liquidity into the banking system for foreign exchange unit, financial institutions have been slow to lend to people (in May, the volume of loans to households declined in annual terms by 0.2%). As a result, the deposit (at a rate of 0.25%) in the Central Bank accumulated nearly 250 billion euros of private banks. All this shows very poor performance of the ECB monetary and excessive inflationary fears on the part of the regulator. The population of the euro area are still not willing to spend. For example, in May, the volume of retail sales after the April break, again began to decline. Compared with April the losses amounted to 0.4% in annual terms, had fallen to 3.3%.
In this regard, will be interesting to observe the value of the final assessment of euro area GDP in quarter I (Wednesday), which may well be revised downward.
Today, the output of important macroeconomic news is expected, and the key pair will continue to move in the corridors formed. In particular, trading in the main currency tandem on Monday will be in the range of 1,394-1,414 dollars per euro.
All last week came out in the European Monetary Union statdannye had a negative connotation
Friday has not made any major changes in the international currency market. Quotations major pairs continued to consolidate in a narrow band against the background of weak activity and low volumes of trades on the forex. Released in this day makrostatistika (including the euro) has not been able to shake up the players. Meanwhile, the entire last week came out in the European Monetary Union statdannye had a negative connotation.
According to the agency Eurostat, unemployment in the region in May, reached a maximum value over the past 10 years - 9,5%. In this regard, the European Commission forecast of 9.9% by year-end is still quite optimistic. In doing so, European Commissioner for the next year expect the unemployment rate will rise to 11.5%.
Not surprisingly, the president of the ECB on the traditional press conference after the meeting, the regulator said that in the bank waiting for the start of the restoration of the European economy is not earlier than in 2010
Given the challenges in the labor market continues to decline consumer activity, with the result that in June, according to preliminary estimates, annual inflation in the euro for the first time in the history of reference of such statistics (since 1998) has gone negative territory: -0, 1%.
Despite the infusion of billions of dollars of liquidity into the banking system for foreign exchange unit, financial institutions have been slow to lend to people (in May, the volume of loans to households declined in annual terms by 0.2%). As a result, the deposit (at a rate of 0.25%) in the Central Bank accumulated nearly 250 billion euros of private banks. All this shows very poor performance of the ECB monetary and excessive inflationary fears on the part of the regulator. The population of the euro area are still not willing to spend. For example, in May, the volume of retail sales after the April break, again began to decline. Compared with April the losses amounted to 0.4% in annual terms, had fallen to 3.3%.
In this regard, will be interesting to observe the value of the final assessment of euro area GDP in quarter I (Wednesday), which may well be revised downward.
Today, the output of important macroeconomic news is expected, and the key pair will continue to move in the corridors formed. In particular, trading in the main currency tandem on Monday will be in the range of 1,394-1,414 dollars per euro.
News of talks with U.S. President Barack Obama with the Russian leadership may have a significant impact on the market
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Prior to the opening of trading Monday, Asian area lose 1-1,5%, in oil futures mark WTI losing 0.5%, selling for $ 65.3 per barrel
The greatest danger for the Russian stock market today fallen oil prices
CMI has become a party to a global database system component manufacturers in Europe
Futures Brent oil brands are just below $ 65.25
Last Friday a pair of Euro /dollar fell to 1.3972
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Course of purchase dollar fell - the morning review of cash markets