Euro rose against the dollar after interest rates of the ECB unchanged despite a growing economic crisis.
The euro rose against the dollar and other currencies after the European Central Bank interest rates unchanged Bank despite the growing economic crisis. Experts say that the euro rally could be short-lived.
The euro rose to $ 1.3393 from $ 1.3240 Thursday morning. He bought $ 1.3351 late Wednesday.
The European Central Bank (ECB) announced that it will leave its key rate at 1.5 percent, but emergency loans from lenders is European. Many had the central bank lowers interest rates of credit and investment promotion planned. The European economy has barely increased.
Lower prices would be the euro less attractive to merchants through a reduction of income fixed income investments like government bonds.
Rise of the euro against the dollar because it fears a failure of Greece fell to a nine-month low Monday. Many analysts expect the euro to continue its decline, falling $ 1.30 or less before the end of the year. Strategists Bank of America lowered its growth forecasts for Merrill Lynch for the full year increased to $ 1.30 last week. Capital Economics meteorologists say it will hit $ 1.10 in 2013.
The euro also rose significantly against the Japanese yen, British pound and Swiss franc.
In other trading systems, the pound fell to $ 1.5395 from $ 1.5467 late Wednesday. He appeared Thursday morning at $ 1.5297 after the Bank of England surprised traders with a plan of $ 116 billion to inject into the British economy.
Source: http://www.latestcnnnews.com/euro-rose-against-dollar-after-ecb-kept-interest...
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