World, As Seen from the most beautiful islands: Ireland and Cyprus

Euro in a standstill against other currencies


On Wednesday, the euro recorded slightly lower overall without a clear indication. “It seems that the market is returning to the average level with the euro over a somewhat long term”, said market analyst Stefan Koopman of Rabobank on Wednesday to ABM Financial News.

Koopman described today’s market as quiet. “So did British inflation rates, which did not trigger a response. Long-term interest rates in the United States today stood at 1.57 per cent, with an earlier difference of 200 basis points compared to long-term German interest rates. That is now 180 basis points”, says Koopman.

As far as the analyst is concerned, the calm mood in the market places the emphasis on the policy meeting of the European Central Bank on Thursday”, said the market analyst of Rabobank on Wednesday.

“President Christine Lagarde is then expected to place the tapering recently occupied by several ECB directors in the perspective of the previous fulfilment of the bank’s already broad monetary policy and to build in the nuance that the additional tapings under the buyback programme of obligations may become somewhat less”, says Koopman.

After the ECB, the focus on Thursday will be on the US aid applications, in which the combined purchasing managers indices of the various leading economies for the foreign exchange market can be determined.

United Kingdom producer prices in March are slightly higher than expected, consumer prices on a monthly basis slightly lower than expected and on an annual basis in line with expectations.

There is one speaker today and that is the chairman of the Bank of England Andrew Bailey.

On Wednesday, the euro was down 0.2 percent from $ 1,2015. The European currency had a lower price of 0.1% at GBP 0.8622. On Wednesday, the British pound stood flat at $ 1.3935. The dollar recorded 0.1 percent lower at 6,4962 Chinese yuan. The dollar rose today 0.1 percent to 108,1920 yen.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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