a Noticeable part
, that such amount is taken from flight of the Euros now then in the view, whether you can read it, as it were, notes for Europe and the United States in dealing with the Corona-crisis. It would be good for Europe, bad for America. Quite so simple it is not good. Nevertheless, it is evident that the Euro has risen after the decision of the European Council for a trillion financial package in the last week, felt the course. In the foreign exchange market was interpreted in such a way that the probability that the Eurozone will break under the crisis, loads, has further decreased. It's fitting that the risk premiums are about gone for Italian government bonds over German government bond.
however, looking at the changes in the exchange rates of the Dollar and the Euro and the other currencies, resulting in a mixed picture. Predominantly, so it's a appreciate at least foreign Exchange experts from German banks, is the strength of the Euro at the Moment, a weakness of the dollar. The fear of a second Corona-shaft in America, the foreign exchange markets is obviously. The exchange rate of the dollar will be charged, on the one hand by the prospect of further steps by the us Federal reserve Bank Fed to the damping of the American interest, on the other hand, due to the uncertainty around further government financial assistance.
Some Economists argue that the weak exchange rate of the American currency, even the end of the dollar as the world reserve currency read. In this regard, however, has proven to be the Dollar so far extremely durable.Updated Date: 29 July 2020, 04:19