The euro rate is on Friday
to get under pressure. Experts refer to the less convincing
Results of the EU summit. The European common currency
was trading at $ 1.0732 in the morning. At night
he had noted about half a cent higher. The European
Central Bank (ECB) had the reference rate on Thursday at 1.0772
(Wednesday: 1.0867) dollars set.
The EU summit approved an agreed one on Thursday
500 billion aid package and the establishment of a reconstruction fund,
over which another 1,000 billion euros or more will be distributed
could. However, details remain controversial.
According to Commerzbank foreign exchange expert Ulrich Leuchtmann
the EU summit damaged the euro. The results are
“Vishivashi”. Again, the ECB had to play the fire brigade for the
Solving Eurozone problems. According to Berenberg chief economist Holger
Schmieding has made very little progress in the substance
made. “The heads of state and government of the EU have it again
once missed a clear and impressive signal from the
To send solidarity, “said Schmieding.
In the further course of trade, the Ifo business climate stands for
Germany on the calendar. It will be another strong one in April
Key economic indicator expected to decline. Especially the
Assessment of the current situation is likely in view of factory and
Business closings give way strongly./jsl/stk
ISIN EU0009652759
AXC0110 2020-04-24 / 09:38
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