The joy was short-lived, Weak economic data pushed European currency back under this threshold. Currently a Euro 1,0991 francs in costs.
So that the Euro can't continue the positive trend of the last few days. Last week, the Euro fell from concerns about the economy, burdened under the 1.09 Swiss francs, was but in connection to a strong recovery. The led on the course on Friday up on 1,1010 francs.
To the close of the week made the Euro initially better-than-expected sentiment data in the industry from Germany and France for a boost. In particular, in the Northern neighbouring country, the purchasing managers ' indices indicated that the weakening economy could be summed up Occurs at the beginning of 2020.
The joy did not last in foreign exchange markets, but only briefly. Surprisingly weak purchasing managers ' data for the entire Euro area clouded the picture for the dollar and put pressure on the Euro. The investor is not a driving concern that the recession in manufacturing could spread to the service sector, said an Economist in the mood.
Now, the tense of the economy will depend in the situation in Europe does not want to critical of the trade talks between China and the United States, as well as by the Brexit, it was called more. When it come to solutions that are likely to smell the company in the morning air. In the opposite case of further trouble impending.
Meanwhile, the new Head of the European Commission has indicated Central Bank (ECB), Christine Lagarde, in her first keynote speech in Frankfurt that they will continue the expansionary monetary policy of her predecessor, Mario Draghi. Domestic demand must be strengthened in order to cope with the increasing global uncertainties. The monetary policy will continue to support the economy, she promised. (nag/sda)
Created: 22.11.2019, 10:10 PM