After significant gains on the previous day, the
Euro exchange rate rose again on Friday. The
European common currency was $ 1.1048
traded. That night she had been trading at $ 1.1023.
The European Central Bank (ECB) has the reference rate at 1.0981
(Wednesday: 1.0827) dollars.
The euro had already risen by over a cent on Thursday. Of the
The launch of the ECB’s emergency bond purchase program was particularly helpful
Bonds from southern European countries for sharply falling yields. The
Confidence in cohesion in the eurozone has increased.
The euro also benefits from this.
In addition, the US dollar stands because of the rapid spread of the
Corona virus under pressure in the United States. The United States has
according to US experts, meanwhile more well-known
Coronavirus infections than any other country. There was in the United States
most recently 86,000 known infections, in China around 82,000 and about
80 600 in Italy, as from an overview of the American
Johns Hopkins University emerges. The development is reflected
already reflected in economic data. The initial applications on
Unemployment assistance has been on one last week
Record level increased.
However, analysts warn that the euro will be under pressure again
could get. “Even if in many European countries the
Government measures to increase unemployment
could be cushioned, so here too
Economic data collapse and could hit the euro with full force
meet, “commented currency expert Antje Praefcke from the
Commerzbank. In addition, there is a risk that worldwide concern
before a global recession and thus the general
Risk aversion rises again. Ultimately, according to Praefcke
again benefited the dollar./jsl/ssc/mis
ISIN EU0009652759
AXC0064 2020-03-27 / 08: 15
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