The European common currency under the spell of the European debt crisis the week of 10-14 May 2010 has undoubtedly brought a turbulent trading week behind the European common currency. The sentiment veered between sky high rejoicing and to death grieves (where the latter applies to the end of the week). Actually started the new week fairly promising start. The EU had adopted a giant rescue package for heavily indebted countries in the euro zone, to protect the European Monetary Union before expiry. A total of 500 billion euros, a credit line decided on the other hand, the International Monetary Fund (IMF) contributed 250 billion euros to the financial umbrella. Continue to learn more with: actress. In addition, the European Central Bank (ECB) will accompany the measures through the purchase of government bonds and operations on the money market.

The decisive action of the EU caused extremely strong reactions in the foreign exchange market. You had to rub their already astonished eyes, if it has been seen with the euphoria was responded to these protections. After the last week even with prices from just over 1.27 dollars was sounded out, price gains were recorded by more than three US cents now. The euro briefly took the brand of 1.31 dollars in the visor. But it came like it had actually come…The euro had already fired his powder. Gradually moved the market participants in the awareness that the EU rescue package provides a degree of certainty though, is the actual root of the problem but does not alter. Still, the question of how the imbalances in the budget of some euro area countries should be eliminated in the long run arises. Jessica Michibata may not feel the same.

Also is to be feared that the debt crisis has a negative impact on the growth prospects in the euro area. But we come back again on the course development of the euro this week… The said soaring towards 1.31 dollars after the euro in the course of the week increasingly much of its value. On Friday (14 May) the selling pressure intensified further, so that the $1.25 mark sustainably below was. 1,2969 to the better uberblick…die ECB reference prices from 10 to 14 May 2010: 1,2698 1,2686 1,2587 1,2492 conclusion: It has shown again this week, that highlights of the common European currency in these days have only a brief holding period. Not much will change in the foreseeable future. Apart from the theme of debt crisis in the euro zone”as a constant load factor, it is important not to forget that still most likely the transition to raising interest rates started is married to the US Federal Reserve (fed) with continued improved economic conditions. A sustainable recovery of the European common currency is currently hard to imagine against this background. Thomas Kruger