Good purchase orders remained on euro, tdgaolh near 1.3600 against the US dollar level early in the day before meeting the clear European the European Central Bank later in the day. The pair rose to the highest levels at 1.4093 amid declining sales transactions due to low liquidity in the Asian session, but he soon abandoned the heights expected Press Conference of European Central Bank.
Although few market observers do not expect any policy changes are right, especially after the slash in interest rates last month bemmkdar 25 basis points but traders may focus on any change in the tone of Mario Draghi, Governor of the European Central Bank. And many analyses have indicated that the Ayers Rock (Uluru) is located on the edge of recession, price levels below the target level and growth rate of the money supply, an increase of 1.6%, compared to the average spent/p from the Central Bank at 4.5%.
The euro-zone economy is still in a wide gap with the German economy, which is performing well, but the rest of the European Union signed in deflation, and thus foiled the attempts of economic recovery. And even France which had ynzar them a few years ago as part of an engine of economic growth in the euro area, the economic performance is now not far from the performance of the economies of Spain and Italy, where the rate of growth continues to slow.
The main risk is that the recession is what many analysts pointed out that the outcome of the lmkhashakl sovereign alidon region by raising interest rates. For this reason it is interesting to see a ' so what about cyclists talk either of these concerns at the press conference today, which will be posted on the European Central Bank's assessment of the rate of growth in 2014 and 2015.
In addition, the European Central Bank is optimistic about the recent strength of the euro and that the earliest in recent top annual levels against the dollar and Japanese yen. As for the export-based economy such as the euro zone rising currency is a barrier to any attempts to grow. Up to now, the position of the European Central Bank is to ignore the differences in exchange rates, saying the main focus was on the stability of the price. But with many central banks in the Group of seven in practice lower currencies, the European Central Bank would have no choice but to reduce the currency.
To hold press conference on cyclists dialect in favour of easier monetary policy and raise the likelihood of negative interest rates soon may come out this pair of narrow trading range and penetrating level of 1.3500 down over the day. Although cyclists dismissive of deflationary pressures and rising exchange rates, the pair headed to the 1.3700.