The Web Tycoon’s blog

The uncertainties about the aid to Greece are still affecting the Euro, today this currency is in three-week minimums. Investors are waiting the next meeting that leaders of the European union will hold on Thursday, where they expect that the aid to Greece will be defined. The Euro is now at $1,3491, slightly below his value on Friday.

“It seems that there is an agreement on a certain kind of aid to Greece, but it is unfair which form will take” and this keeps the Euro pressed by sales, explained Carl Hammer, currency strategist from SEB in declarations to Reuters.

The Euro should fall to its historical minimum against the Swiss Franc (1.40) in front of the Swiss National Bank’s passivity to stop the growth of this currency, according a report from Barclays.

(more…)

The Good macroeconomic references in the United States boosted the dollar, that rose by 1% when crossing it with the Euro, to $1,3622 dollars.

The industrial production rose by 0,9% in January, in front of the analysts forecasts that pointed to a 0,7%. This data comes to reinforce the positive report from the manufacture activity published yesterday.

The other report expected by the market, the beginning and building of households, has also been positive, with an increase in January by 2,8% to 591,000 units, also over than what was expected.

With signs of recovery in his economy, the dollar won positions respect the main currencies like the yen and the pound.

The Euro began the session struggling against the dollar, moving from the risk appetite of investors and the prudence on the evolution of Greek debt. However the good forecasts in the United States gave the change to the dollar.

(more…)

The dollar currency fell again this week and this pushed the Euro currency more near to 1.50 dollars. And all this just in the beginning of the Asiatic tour and a debate about the revaluation of the Chinese Yuan currency.

The change of the dollar currency against the rest of the main currencies are getting each time lower, the Euro has risen by another 0.57% to the 1.4988 dollars, very near to 1.50

(more…)