09/03/2014
After keeping the European monetary policy unchanged
Euro rises to highest level in two and a half year
The euro rose to the highest level in two and a half years against the dollar yesterday, with the rising interest in the short-term money market, signs of shrinking portfolio the European Central Bank, while the growing conservative central banks. The euro may raise more, if the US jobs report reflected the difficult period experienced by the world's largest economy. Reuters said: the dollar tumbled from its highest in five weeks against the Japanese yen. Yesterday, the Nikkei rose for Japanese stocks to their highest level in five weeks, with the growing popularity of risk, due to the low price of the yen. And ' Nikkei ' 0.9 percent to 15274.07 points, the highest close since 29 January. And profit index 2.9 percent this week.
The euro climbed to 1.3558 dollars in European trading, its highest since October. The euro climbed to various currencies, after the European Central Bank decided Wednesday to keep monetary policy unchanged and were reluctant to take new stimulus measures and the euro gains accelerated Thursday after data from the European Central Bank, showed that the banks would pay a large part of its loans for the immediate three years next week. And with the European Central Bank's portfolio are shrinking, while the Governor of the Central Bank and the Bank of Japan through the purchase of bonds. The repayment of loans to lower the surplus liquidity which pushed money market interest rates to rise and boosted the attractiveness of the euro. And with the rise of the euro the dollar index – which measures the strength of the US currency against a basket of currencies head-to the lowest level in four months at 79.433. The dollar slipped 0.2 percent to 117.85 yen. He had touched earlier 112.77 Yen founded the highest level in five weeks by Thursday.
