Wednesday, June 10, 2009

ING: Euro continues rise

After reaching highs this week, the European currency declines against the dollar at a fixed profit. However, ING analysts believe that the movement will be limited and unlikely to lead to a change in the rising trend. The Bank believes that in the absence of changes in relation to the risk of the dollar is the main hope of a further increase in yield on 2-year bonds. ING analysts also point recovery trend to increase investment in emerging markets. The pair euro / dollar is now trading at 1.4015 compared to 1.4075 to the closure on Tuesday.

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