The Euro touched its highest level since February following a bond auction a success, despite Italy's economic prospects report the currency bloc were still gloomy. Italy sold 4 billion euros of bonds 3 year tenor with the yield at 2.29, down from the previous auction's 2.48. Investors bid reached 1.40 times the amount of bonds offered, up from last month's 1.28 times. Italy also sell bonds tenor of 5 and 15 years. Overall, Italy raised 7.17 billion euros, close to the target of 7.5 billion euros. This sale was helped by transpiration bonds (redemption) on 15 April.
He is also Italy bonds reflecting expectations that Japan will stimulus directed to foreign assets with a more attractive yield. Japan liquidity injection programme, which would increase the money supply, is expected to digunakana to buy bonds and push the carry trade. Emerging market bonds on expectations the European countries can be part of the portfolio. The Euro remained strong despite appearing pessimistic reports about the economic prospects of the currency bloc. The IMF cut its projections of the economy of the eurozone and the world. The IMF projected the GDP the euro zone's contraction of 0.2 this year, citing political uncertainty in Italy, which is the third largest economy in Europe. Other news mentions, 60 economists surveyed by Reuters was increasingly pessimistic with eurozone economic prospects. In the same survey,
The Euro traded at $ 1,3120, with a touch high at $ 1,3137 a night, the highest since February 28. With the rebound, the euro continued to gain on a rotational basis and when today closed strengthened then the reinforcement of two weekends in a row, continuing a phase of price adjustment. But the need to look out for its movement toward the euro zone industrial production data are estimated. In the weekly chart, the euro broke through the fall of 27 January 38,2 retracement-March 31 at $ 1,3103. To be able to reach 50 in $ 1,3122, the euro should be closed at $ 1,3184. Against the yen, the euro was at 130,46 after touching a record high at 131,10.
Meanwhile, the dollar still has not been able to reach level 100 yen, continues to be held during the last three sessions. Since the BOJ announced new stimulus, dollar rally had 6 top yen, but the Group has continued in the range of 99. The Dollar is now in 99,50 yen, after yesterday touching 99,93. Needed a new reason to bring the dollar to a psychological level 100, and retail sales data and the US consumer sentiment later tonight probably could affect its movement.
He is also Italy bonds reflecting expectations that Japan will stimulus directed to foreign assets with a more attractive yield. Japan liquidity injection programme, which would increase the money supply, is expected to digunakana to buy bonds and push the carry trade. Emerging market bonds on expectations the European countries can be part of the portfolio. The Euro remained strong despite appearing pessimistic reports about the economic prospects of the currency bloc. The IMF cut its projections of the economy of the eurozone and the world. The IMF projected the GDP the euro zone's contraction of 0.2 this year, citing political uncertainty in Italy, which is the third largest economy in Europe. Other news mentions, 60 economists surveyed by Reuters was increasingly pessimistic with eurozone economic prospects. In the same survey,
The Euro traded at $ 1,3120, with a touch high at $ 1,3137 a night, the highest since February 28. With the rebound, the euro continued to gain on a rotational basis and when today closed strengthened then the reinforcement of two weekends in a row, continuing a phase of price adjustment. But the need to look out for its movement toward the euro zone industrial production data are estimated. In the weekly chart, the euro broke through the fall of 27 January 38,2 retracement-March 31 at $ 1,3103. To be able to reach 50 in $ 1,3122, the euro should be closed at $ 1,3184. Against the yen, the euro was at 130,46 after touching a record high at 131,10.
Meanwhile, the dollar still has not been able to reach level 100 yen, continues to be held during the last three sessions. Since the BOJ announced new stimulus, dollar rally had 6 top yen, but the Group has continued in the range of 99. The Dollar is now in 99,50 yen, after yesterday touching 99,93. Needed a new reason to bring the dollar to a psychological level 100, and retail sales data and the US consumer sentiment later tonight probably could affect its movement.
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