The euro / dollar could fall in coming days. Consumer Price Index / CPI / China and foreign trade data signal that the Chinese government will strengthen the yuan at a faster pace, while tightening monetary policy. It is reported by a senior dealer at Nomura Trust and Banking Hideki Amikura. Data on consumer price inflation in China have been extremely negative for equity investors, "- he said. Amikura expect decline in European stock markets, and notes that it is closely monitoring the comments from the European Central Bank and the situation with a sovereign debt crisis in Greece. According to him, these factors may weaken the risk appetite and lead to a drop in the euro / dollar to 1.40 during the next session. At the time of writing, this pair is trading at 1.4386. The euro / yen was trading at 116.36. Amikura predicts that the pair may fall below $ 115.00.
Wednesday, May 11, 2011
Data of China may have put downward pressure on a couple of euro / dollar - dealer
The euro / dollar could fall in coming days. Consumer Price Index / CPI / China and foreign trade data signal that the Chinese government will strengthen the yuan at a faster pace, while tightening monetary policy. It is reported by a senior dealer at Nomura Trust and Banking Hideki Amikura. Data on consumer price inflation in China have been extremely negative for equity investors, "- he said. Amikura expect decline in European stock markets, and notes that it is closely monitoring the comments from the European Central Bank and the situation with a sovereign debt crisis in Greece. According to him, these factors may weaken the risk appetite and lead to a drop in the euro / dollar to 1.40 during the next session. At the time of writing, this pair is trading at 1.4386. The euro / yen was trading at 116.36. Amikura predicts that the pair may fall below $ 115.00.
