Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Alongside the euro, dozens of …
(as of May 01,2019 14:12:39 UTC – Details)
The advent of the euro was a revolution for the 340 million people who exchanged their former currencies – considered a fundamental element of national sovereignty – for this new single currency.
Encouraged by some who believe that its introduction gives more cohesion and strength to Europe in an increasingly globalized economy, the euro is criticized by others who believe that the constraints it imposes are a source of austerity and favor northern European countries at the expense of countries in the south.
The Future of the Euro Currency traces the evolution of the monetary policy which the European Central Bank instituted at a time when economic, monetary and financial crises were legion. The book presents, as objectively as possible, the advantages and disadvantages of this new currency, while considering the improvements that could promote its durability.
There are that the ECB meeting and press conference two major events intended for Wednesday with Mario Draghi, along with the book of the FOMC minutes from March. It’ll be a rather volatile trading day if we add some Brexit headlines to the mix.
On Monday the 8th of April, trading over the euro closed up. The bulls initially broke through the resistance at 1.1240 with some help from the crosses. In the US semester, this rise gathered rate to reach 1.1274. Dealers are waiting to get a trade deal between the US and China to become finalised, as well as for outcomes using a Brexit vote. The worst case scenarios have been factored into the price. Long places on the dollar are being closed ahead to get their March meeting of the FOMC minutes’ publication.
Bulls have busted through the opposition zone of 1.1250 — 1.1254 on the rear of a weak dollar. The euro is currently trading at 1.1270 against the greenback. The bulls are trying to press ahead, but the currency is under pressure, considering the euro strikes trading down except EURCHF.
The calendar is vacant today, so I’m expecting a retest of yesterday’s immunity for a support. The price is coming the aid from over from altering it up along the channel that is upward and there’s nothing stopping the bulls.
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Currencies changed after World War II, especially with the creation of the Euro.