10 Italian bond yields yesterday hit a new high since the advent of the euro
6.67%, only slightly below the European Central Bank and Greece
received the International Monetary Fund assistance to the former to
achieve the 7% level. If income is higher than 7%, then the cost of
financing will be difficult to sustain.
European debt crisis
dust yet, re-transmission of alarm in Italy, although the euro 7
meeting of finance ministers from the news side optimism, but the
continued deterioration of the situation in the euro zone debt, led the
market the anxieties, the euro further pressure against the weaker dollar.
The latest data showed the euro zone, 9 retail sales fell 0.7 percent rate, the rate declined by
1.5%. Germany 9, seasonally adjusted industrial output dropped 2.7% rate
is expected to decline 0.5%, weakness in the euro zone economic data
showed the downside risks are still large, but limited impact on the
market. European debt market focus is still on the issue.
Foreign exchange market yesterday, the Italian bond yields soared to
unsustainable danger mark, Europe concerns about increasing debt, risk
aversion, the euro Xianyihouyang, gold sharply higher. Today, the market
will usher in a number of tests, the Italian Parliament will vote on
the budget report, while Greece will hold an emergency cabinet meeting,
these messages will dominate the market trend direction.
Currency: U.S. Dollar Index on Monday to better overall performance, individual currencies are expressed as follows:
Euro
down
the overall performance, Takami 1.3839, low of 1.3684 . Weak euro-zone
retail sales data 9, plus the Italian bond yields rose to its highest
level since the euro was launched, triggering market fears, negative
euros.
Forecast: euro fell against the U.S. dollar short-term more likely.
USDCHF
increase overall performance, Takami 0.9031, low of 0.8873. Swiss central bank president said that if economic outlook
to weaken and the deflation situation requires, the central bank will
be ready to take further action to pressure the Swiss franc, Swiss franc
weakness.
Forecast: U.S. dollar against the Swiss franc short-term shocks up more likely.
Gold
increase overall performance, Takami $ 1,794.90, low of $ 1,751.80. Eurozone debt crisis
constantly worried about further deterioration in market trends, risk
aversion rapid warming, boost the price of gold buying. Attention to
progress in the euro zone debt problems, the price of gold is expected
to rise further.
