Currency Converter - The euro falls against the dollar even lower
The euro has shown the week beginning in the Far East is considerably weaker. Marked the single currency to the dollar, a 16-month low. Meanwhile, reached the bank deposits with the ECB, a record high.
At times, the European single currency fell against the dollar today to its lowest level in 16 months against the yen and was not as weak as in December 2000. Experts made the continuing bad news on the European debt crisis responsibility.
Without a better outlook for the euro-zone there would be no real recovery for the euro, said Rob Ryan at BNP Paribas. The Asian stock markets traded mostly weaker. In Japan, the markets remained closed for a holiday. The euro was valued at over $ 1.2709 to $ 1.2719 last round in New York. At times, the euro had fallen to $ 1.2666. The U.S. currency traded at 76.88 yen, almost unchanged from the last state in the United States.
Hungary and Greece | currency converter
The concerns about the development of the European economy with the downgrading of the creditworthiness of Hungary again became larger. The country has now by all three rating agencies to junk status. Even a "mirror" report, which the International Monetary Fund (IMF) no longer believes that Greece can carry its debt based on the current redevelopment plans permanently cared for unrest.
Weaker in Australia, South Korea and Hong Kong-listed the major stock markets. Bucking the trend put the shares in Shanghai. The index traded just over two percent higher.
Bank deposits at ECB hit record high
The banks in the euro zone have so much money over the weekend at the European Central Bank (ECB) is deposited as never before. The loan-level houses a € 463.6 billion at the Fed, as it announced on Monday in Frankfurt. Almost daily, the current ECB deposit currently reach new highs. After Christmas, she had first crossed the mark of 400 billion €.
About one week before the Guardians of the ECB, the International Monetary Fund (IMF) and EU-strapped Greece are expected to review progress on the state reorganization, they may increase uncertainty and pessimism in the banking industry: The amount of ECB deposit is considered an indicator distrust of banks. The credit currently houses deposit their money with bad conditions at the central bank to bring it to another as a commercial bank. Too great is the fear of a collapse of the other, as a consequence of a disorderly bankruptcy of the Greeks.
At the weekend, the news magazine "Der Spiegel" reported by the IMF's concerns: its experts did not believe that Greece could contribute permanently to his previous reorganization plans its debt. The Fund, criticizing the slow pace of reforms in the crisis state.
At times, the European single currency fell against the dollar today to its lowest level in 16 months against the yen and was not as weak as in December 2000. Experts made the continuing bad news on the European debt crisis responsibility.
Without a better outlook for the euro-zone there would be no real recovery for the euro, said Rob Ryan at BNP Paribas. The Asian stock markets traded mostly weaker. In Japan, the markets remained closed for a holiday. The euro was valued at over $ 1.2709 to $ 1.2719 last round in New York. At times, the euro had fallen to $ 1.2666. The U.S. currency traded at 76.88 yen, almost unchanged from the last state in the United States.
Hungary and Greece | currency converter
The concerns about the development of the European economy with the downgrading of the creditworthiness of Hungary again became larger. The country has now by all three rating agencies to junk status. Even a "mirror" report, which the International Monetary Fund (IMF) no longer believes that Greece can carry its debt based on the current redevelopment plans permanently cared for unrest.
Weaker in Australia, South Korea and Hong Kong-listed the major stock markets. Bucking the trend put the shares in Shanghai. The index traded just over two percent higher.
Bank deposits at ECB hit record high
The banks in the euro zone have so much money over the weekend at the European Central Bank (ECB) is deposited as never before. The loan-level houses a € 463.6 billion at the Fed, as it announced on Monday in Frankfurt. Almost daily, the current ECB deposit currently reach new highs. After Christmas, she had first crossed the mark of 400 billion €.
About one week before the Guardians of the ECB, the International Monetary Fund (IMF) and EU-strapped Greece are expected to review progress on the state reorganization, they may increase uncertainty and pessimism in the banking industry: The amount of ECB deposit is considered an indicator distrust of banks. The credit currently houses deposit their money with bad conditions at the central bank to bring it to another as a commercial bank. Too great is the fear of a collapse of the other, as a consequence of a disorderly bankruptcy of the Greeks.
At the weekend, the news magazine "Der Spiegel" reported by the IMF's concerns: its experts did not believe that Greece could contribute permanently to his previous reorganization plans its debt. The Fund, criticizing the slow pace of reforms in the crisis state.