arenas_11
05-31-2005, 12:58 PM
The euro struck on a seven month low against the dollar on Monday after French voters issued a nonstop into the European Union constitution that was proposed. The damage wasn't as awful as it might have been because voter belief was priced into the market. Surveys and polls indied that the EU constitution would not be supported by a majority in France. The euro dropped to $1.2302 from the dollar and could possibly be expected to fall following Holland decides about the referendum for the ministry come Wednesday.
The results in the Netherlands to get EUR/USD could already be priced because it's been ascertained that the Dutch can even vote against the new constitution. It was seen what happens resulting to an vote. Inadequate euro zone information hasn't been helping the money as traders and analysts also have detected a disparity in interest rates between the euro zone and the united states. Even the US Federal funds rate is anticipated to grow by roughly 25 basis points, whereas the euro zone speed is at two percent and could possibly be expected to fall to help market growth and is set at 3 percent. Against the yen, the euro was down in 133.39 yen.
Analysis provided by http://www..com/index.shtml
The results in the Netherlands to get EUR/USD could already be priced because it's been ascertained that the Dutch can even vote against the new constitution. It was seen what happens resulting to an vote. Inadequate euro zone information hasn't been helping the money as traders and analysts also have detected a disparity in interest rates between the euro zone and the united states. Even the US Federal funds rate is anticipated to grow by roughly 25 basis points, whereas the euro zone speed is at two percent and could possibly be expected to fall to help market growth and is set at 3 percent. Against the yen, the euro was down in 133.39 yen.
Analysis provided by http://www..com/index.shtml