Friday, April 17, 2009

Euro declines against the backdrop of Trichet's comments

Euro fell to minimum values in the last month, after the European Central Bank President Jean-Claude Trichet said that would do everything possible to restore confidence in the bank signaled to the further reduction of rates. In addition, scheduled for today publication of data on consumer confidence in the United States, with investors waiting for positive values and are buying the dollar in anticipation. Meanwhile, the rest of the world economy, including the European, continue to remain in deep recession with no signs of improvement, which provides additional pressure on the euro.

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