The euro had made losses on Tuesday. Around midday, the euro fell to 1.3629 dollars.
Analysts expects some balance in the market until the afternoon as new U.S. economic data is likely to reflect stronger price movements in the foreign exchange market. In particular, orders of durable goods are likely to interest investors. In addition, the meeting of the U.S. Federal Reserve is increasingly becoming the focus. The Fed will indeed announce its monetary policy decisions only on Wednesday evening, but it is already a hot issue in the market.
Earlier the same morning, the euro had climbed to 1.3688 U.S. dollars. The European Central Bank (ECB) had the reference rate at 1.3658 the previous day (Friday: 1.3687) dollar fixed.
The Fed will indeed announce its monetary policy decisions only on Wednesday evening, but they are already the most important issue in the market. Most economists expect a further reduction of the flood of cheap money.
The last – surprisingly weak – U.S. labor market report was focused on this assumption briefly in question. “This concern, however, is priced long again,” said Commerzbank analyst Ulrich luminous man. Earlier in the afternoon, investors looked up to the United States. Then the orders of durable goods were released. Analysts thus expect a further increase.
Fears of a full-fledged emerging markets crisis has subsided somewhat. India’s monetary authorities announced in the morning a surprising rate hike against the high inflation akimbo. The Turkish central bank had already convened a special meeting because of a sharp decline in the lira.
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