Euro Falls Just before France Sells Bonds

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Euro Falls Just before France Sells Bonds

At a time when France is set to sell bonds, the euro reached a low that was the first of its kind in eleven years, against the yen. One of the reasons behind this was the underlying concern that banks and the government in the region will face troubles in raising funds. Recently, the currency, which is used in 17 member states of the total 27 in the European Union, fell against most of its strong peers. This occurred soon after the Prime Minister of Greece, Lucas Papadermos, issued a warning that the country was close to facing an economic downfall soon. He stated that this is likely to happen as early as June this year.

New Zealand and Australian Dollars Fell when Demand for Assets Dropped

New Zealand and Australian dollars too fell, when the demand for assets with high yielding capacity dropped, resulting in losses in stocks in Asia. The Yuan too faced the same situation as the dollars and euro, with the central bank in China reducing the daily reference rate to an extent that it was the lowest since November 2020. The step to lower the rate was taken in light of the possibility that the debt crisis in Europe will lower the demand for goods.

Euro to Face Steady Pressure in Coming Months

A currency strategist stated that the euro will face steady pressure in the coming months. This pertains to dealing with the current debt and starting new debt. The current situation is such that investors are not likely to be interested in trying their luck with the euro. In the past 30 days, the euro has fallen and performed badly when compared to the currencies from other nations. This has pushed investors to seek safety in the middle of the turmoil in the region.

A foreign exchange research analyst stated that currently, there are two safe havens. One of them is the Japanese yen and the other is the US dollar. By the end of March, the euro is likely to fall to $1.20. The country that recently sold ten-year bonds was Germany. The demand it brought in was significantly lesser than what was five years ago. France is auctioning bonds for twenty years – from 2021 to 2041.

Bloomberg

We’ve detected unusual activity from your computer network

To continue, please click the box below to let us know you’re not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy.

Need Help?

For inquiries related to this message please contact our support team and provide the reference ID below.

Bloomberg

We’ve detected unusual activity from your computer network

To continue, please click the box below to let us know you’re not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy.

Need Help?

For inquiries related to this message please contact our support team and provide the reference ID below.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Like this post? Please share to your friends:
Binary Options Trading Guide
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: