The monetary value of the euro against the Swiss franc is currently at 1.30. In the last few days of trading, the euro rate currently fallen from 1.3202 to 1.3000 CHF. Currency strategists expect but not with a continued downward trend of the European single currency. Instead, dispose of € course of further growth potential and could reach the end of the first quarter of 2011 climbing to EUR / CHF 1.35.
the medium term, up to half of 2011, many currency strategists believe that the euro exchange rate of CHF even have the mark of 1.40 in store. The reason given for this is primarily a tougher monetary policy stance of the European Central Bank (ECB). So far, the ECB forecast that inflation will fall in the euro area in the coming months under two percent.
€ Course current increases due to interest rate difference
might, however, rising energy and food prices, the ECB's inflation forecast in 2011 put a spoke in the bill. Consumer prices in the euro countries climbed by 2.2 percent in December 2010 and 2.4 percent in January 2011 compared to the previous month. The European central bank is price stability with an inflation rate below two percent guaranteed.
If the ECB inflation target was threatened in the past, the Fed has consistently turned to the interest rate screw. Thus increased the ECB key interest rates of 4.00 to 4.25 percent in July 2008 despite a slowdown in economic development already clearly visible. Yet, in particular the oil price increase in 2008 had made over 150 dollars per barrel (159 liters) the rate of inflation in the euro area.
The current euro exchange rate should benefit from a tightening of ECB monetary policy. In the Confederation, there is the Swiss National Bank (SNB) to raise no need for the prime rate. The 3-month Libor is at 0.25 percent since March 2008. The Swiss consumer prices rose by 0.3 percent in January 2011 compared to the same month last year.
0 comments:
Post a Comment