The relation of the foreign currencies dollar euro
Martes, Febrero 19th, 2008
It seems as an old new, but it is not so. The relation between foreign currencies dollar euro is still showing the decline trend of the dollar in front of the euro. Information was told by the Federal Reserve, that showed at the financial market that the economic grow was less than expected, it has produced other historical minimum in the relation dollar euro.
The european common currency has been appreciated 0,83% reaching to U$$ 1,4832 at the exchange values and ending at 1,4777. What is asked by many now is when will the euro break the barrier of U$$ 1,50, that is not so far away as we can see. The analysts find not very original causes while thinking about the relation dollar euro. Most of them say that it is beacuse of the bad indicators for the american economy as for example the GP would raise between 1,8% and 2,5% in 2008, against the previous forecast that showed a raise of 2,75%.
During this week it was said that the Federal Reserve of the United States would lower again the cost of the money making its exchange rate similar to the european one, that is actually in 4%. If we confirm these news the situation of the foreign currencies dollar euro would get even worse, as dollar would continue falling. Until now there is no macroeconomic scenario that show a possible recovery of the dollar in the short term. This situation makes crude exporters countries worry, as the low of the american currency influences directly their profits.
It seems as an old new, but it is not so. The relation between foreign currencies dollar euro is still showing the decline trend of the dollar in front of the euro. Information was told by the Federal Reserve, that showed at the financial market that the economic grow was less than expected, it has produced other historical minimum in the relation dollar euro.
The european common currency has been appreciated 0,83% reaching to U$$ 1,4832 at the exchange values and ending at 1,4777. What is asked by many now is when will the euro break the barrier of U$$ 1,50, that is not so far away as we can see. The analysts find not very original causes while thinking about the relation dollar euro. Most of them say that it is beacuse of the bad indicators for the american economy as for example the GP would raise between 1,8% and 2,5% in 2008, against the previous forecast that showed a raise of 2,75%.
During this week it was said that the Federal Reserve of the United States would lower again the cost of the money making its exchange rate similar to the european one, that is actually in 4%. If we confirm these news the situation of the foreign currencies dollar euro would get even worse, as dollar would continue falling. Until now there is no macroeconomic scenario that show a possible recovery of the dollar in the short term. This situation makes crude exporters countries worry, as the low of the american currency influences directly their profits.