The Euro rise higher.
The euro continues the momentum of Friday and outperforms the
dollar. As expected, the euro crossed the 1.3500 level and is back on the yen
crossing 137 yen threshold.
Last week we have witnessed a strong activity both in the currency
market and in the international economic policy. Different presidents and
influential members of central banks have unleashed the currency world,
particularly the euro.
After Mario Draghi speech of Thursday, November 21, in which the
president of the European Central Bank has denied the possible lower interest
rate under zero, the ZEW and PMI indicators of the first European economic
power have shown on Friday, Nov. 22, that Germany displays a renewed economic
strength. These data led investors to keep faith and continue buying euros.