The EUR / USD exchange rate was temporarily traded above 1.35. Sun climbed against the euro the U.S. dollar exchange rate to 1.3536 and reached a two-month high. The last time the American currency for the owner so cheap € 23 November 2010 to have. The U.S. dollar exchange rate in 2011 fell to 73.88 euro cents. Currency traders say that the euro was on the ice.
This reference is made to the debt crisis in the euro area. Since December 2009, hold crisis-stricken countries such as Greece €, Ireland and Portugal to the European currency area under an artificial tension. The adopted measures, such as the euro rescue and purchase of government bonds by the European Central Bank (ECB), have led to an abatement.
Currently negotiating the EU decision-makers take further steps, such as the increase of the rescue and lower interest rates for recipient countries such as Greece and Ireland. If you at the next EU summit in March 2011 the financial markets is another set of measures is presented, then the chances are good that the national debt crisis can be overcome.
The European Central Bank (ECB) has talked brash tones struck and indirectly by raising the benchmark interest rate. Also, it was compared to the euro dollar exchange rate will benefit significantly in the last few days. A tighter monetary policy in the euro area justifies the euro exchange rate appreciation, since the U.S. monetary floodgates remain wide open.
meets Technically, the Euro Dollar exchange rate with resistance at 1.3570 and 1.3650. The euro-dollar exchange rate has been freed by a sharp rise from the sideways channel. Thus, the rate climbed from 1.2874 to 1.3536 quotation from the 10th January 2011 and 19th January 2011. This is an increase of 6.62 cents or € +5.14 percent in less than eight trading days.
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