Daily News | A six-week high for the euro

On Friday the euro hit a six-week high against the dollar. Since Monday, the euro is up by 0.7 percent. At the beginning of the week there were some questions about coalition talks, but investors changed the perspective and focused on European growth, so the situation now seems stable. The latest important European financial news has to do with the European Central Bank’s policy meeting and extending of quantitative easing scheme. On the other hand, the dollar hit a five-week low against a basket of currencies. As we can see, while the Euro has hit a six-week high the dollar is falling, so you should definitely keep your eye on the currency market.

As for the shares, analysts think that European stocks might change after Thanksgiving in the U.S. Japan’s Nikkei .N225 rose 0.1 percent and MSCI’s  .MIAPJ000PUS went up by 0.2 percent. Hong Kong shares .HSI rose as well. On the other hand, Chinext Index has reached its lowest level since August, but experts think there’s nothing to worry about since market is hit by concerns on the balance of demand and supply. That’s it from us here for this week, don’t forget to come back on Monday for more info about the financial market.

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Author: Max Rothstein

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