fundamentals or short-term support of the euro
In addition, officials of the European Central Bank on euro area economic outlook in 18 pass optimistic signal, which was once a slight rebound in the euro exchange rate. Some analysts believe that the funds the focus of attention back from some time ago the debt crisis on the economic fundamentals in the euro area, or support short-term rise of the euro exchange rate.
Although Iceland does not belong to the euro zone is not an EU member, but as a European family, the credit outlook has been raised or compelled people to surprise. The euro-zone economy as a whole is growing, but must monitor the risk of inflation, the ECB Executive Board member, Simai Ji said that on the 18th.
Recommended Reading:
Europe debt crisis has not disarm the alarm, but euro-zone members World Steel Pipe News , neighbors, Iceland has recently spread the Good News of the debt rating, which more or less deep in debt crisis in European countries can find a little comfort.
Market participants said traders a renewed focus on the favorable long-term factors on the euro, the recent wave of debt concerns aside. Marc Chandler, global head of foreign exchange at Brown Brothers Harriman, said the key internal driving force for monetary policy. He believes that, like a week ago, the debt problem is no longer so urgent, while the economic fundamentals are positive for the euro, in particular the European Central Bank in July may raise interest rates again. In contrast, the Federal Reserve from raising interest rates the time is still far, the United States on Tuesday released the latest batch of economic data show that economic growth is still slow, it will be dollar negative favorable euro.
senior European financial and monetary officials on the 17th to break the taboo and admitted for the first time that Greece may have to restructure debt. However, the ECB Executive Board member 18 soup Pugugeluo, said there is no need to speculate that Greece will exit the euro area. She said, it is important to provide support to specific countries, so they have time to restructure its economy so that it can "self-reliance and self-
European officials remarks market to alleviate the worries of the debt crisis in Europe. On the 18th morning, the euro-dollar exchange rate was to rise, but then again downstream. 19:45 GMT, the euro against the dollar at $ 1.4229, down 0.04 percent.
all over the country the latest price quotes
European officials frequency blowing warm air
However, there are still analysts expressed concern about the future of the euro "The euro is still in the correction phase after the recent losses, the euro may rise to 1.43 to 1.44 U.S. dollars, is expected to win more foreign buying, & rdquo ; a foreign exchange manager of Nomura Trust and Banking, said, "but once the end of the corrective buying the euro fell again.
2008 Iceland crisis, collapse of the financial system the economy into recession, has forced the government to request assistance to the IMF and its Nordic neighbors. However, Iceland and the United Kingdom and the Netherlands on the issue of compensation for loss of depositor still at loggerheads, Iceland efforts to revive the economy cast a shadow. To resolve this dispute is an important step in Iceland with international creditors towards normalization of relations, senior director of Fitch's sovereign rating Luojin Si said in a statement. But he also pointed out that "multilateral and bilateral financing by the IMF Assistance Scheme in Iceland, as well as economic recovery on both sides World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , the influence of the above dispute has been significantly reduced.
steel futures weekly / monthly analysis report
addition, a rating agency Moody's in April to confirm Iceland sovereign credit rating unchanged, at the same time to maintain a negative outlook.
today nationwide local businesses offer summary
16, the ratings agency Fitch Iceland's outlook from "negative" raised to "stable". Fitch said the Iceland bank failures in 2008 caused by debt disputes are unlikely to delay the pace of economic recovery. This is take a positive rating action Fitch to Iceland for the first time since 2006.
Iceland debt situation is now improved signal
two major rating agencies recently revealed Iceland's credit rating and stable signal. International rating company Standard & Poor's announced on the 17th to maintain a negative outlook on Iceland's credit rating, while also lowered the country's long-term local currency sovereign credit rating from "BBB" to "BBB-" because of the high prices of the Icelandic foreign debt, the Financial serious deficits. However, facing due to the Icelandic short-term external financing gap has gradually subsided, the company announced to Iceland removed from the list of possible downgrade.
ECB Executive Board member of Stark to further pass optimism, he said, to expand the scope of eurozone economic recovery means that economic or monetary stimulus needs to reduce. Stark said the recent economic growth strong, particularly in Germany, this demonstrates the good condition of the 17-country euro zone economic recovery.