The euro fell broadly on Thursday, disappointing manufacturing data
stoked recession fears ofglobal, the loss is more likely if the U.S.The
figures paint a similar shelter picture.The dominated the Swiss franc
against the euro EURCHF =, and the dollar, as investors try to test the
determination of the Swiss National Bank, which recently stopped
noticeablyinactive safety haven currency's strength.Data Showing
contractions in industrial production in most euro zone countries for
sale in all the driver of the euro
According to analysts. This weakness of the advance in Germany, the euro area's largest economy, where industry grew just fell in August and July."From Asia to Britain (PMI), the numbers marked the endless momentum,"said Jessica Hoversen, currency analyst at MF Global in New export orders fell further York.German the fastest of all EU countries for the PMI survey."The euro area can no longer count on Germany to keep the slow recovery,"he said."Beyond the details, situationin Europe remains a concern ".We believe the situation is worsening faster than in Europe in the euro reflects the"Hoversen U.S. ISM manufacturing PMI said.Ahead 1400 GMT, and the key Jobs data Friday, the single currency of the eurozone is seen as more to lose, as well as signs of weakness in Europe and the world economy, since the region is still far from a solution to the crisis debt.
The stability of the confidence in the euro area's has been rocked by signs that officials are dragging their feet is to act as ease of debt problems in Greece and other countries, createtensions in financial markets and expressed concern about the financial health of the region."The concern for the debt of Greece's in general is the most important factor weighing on the euro and is now the complexity of the euro zone economy to the information flow"said Stephen Gallo, head of Schneider's analysis, FX.
The euro broke below $ 1.4320 for technical support and $ 1.4365 area, where many of its moving averages Clustered.The Franco met all fields, and the euro fell 1.5 percent =. EURCHF 1.1416 francs The strength of the franc wide to push the dollar by 0.9 percent 0.7982 francs less than the above offers seen francs.The 0.7950 Swiss National Bank is a quiet place after mid-August when the French market was flooded, reduced close to zero, and lacked swap market to reduce the yen remained under pressure highs.The Franco buying dollars in Japanese accounts, the rise of 0.5 percent in U.S. currency around 76.98 and calming fears that the second round of interventions to the authorities in Tokyo can be a way.
According to analysts. This weakness of the advance in Germany, the euro area's largest economy, where industry grew just fell in August and July."From Asia to Britain (PMI), the numbers marked the endless momentum,"said Jessica Hoversen, currency analyst at MF Global in New export orders fell further York.German the fastest of all EU countries for the PMI survey."The euro area can no longer count on Germany to keep the slow recovery,"he said."Beyond the details, situationin Europe remains a concern ".We believe the situation is worsening faster than in Europe in the euro reflects the"Hoversen U.S. ISM manufacturing PMI said.Ahead 1400 GMT, and the key Jobs data Friday, the single currency of the eurozone is seen as more to lose, as well as signs of weakness in Europe and the world economy, since the region is still far from a solution to the crisis debt.
The stability of the confidence in the euro area's has been rocked by signs that officials are dragging their feet is to act as ease of debt problems in Greece and other countries, createtensions in financial markets and expressed concern about the financial health of the region."The concern for the debt of Greece's in general is the most important factor weighing on the euro and is now the complexity of the euro zone economy to the information flow"said Stephen Gallo, head of Schneider's analysis, FX.
The euro broke below $ 1.4320 for technical support and $ 1.4365 area, where many of its moving averages Clustered.The Franco met all fields, and the euro fell 1.5 percent =. EURCHF 1.1416 francs The strength of the franc wide to push the dollar by 0.9 percent 0.7982 francs less than the above offers seen francs.The 0.7950 Swiss National Bank is a quiet place after mid-August when the French market was flooded, reduced close to zero, and lacked swap market to reduce the yen remained under pressure highs.The Franco buying dollars in Japanese accounts, the rise of 0.5 percent in U.S. currency around 76.98 and calming fears that the second round of interventions to the authorities in Tokyo can be a way.
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