The euro collapsed to a minimum of 4 months relative to the dollar

The European currency exchange rate following Monday sank to a four -month minimum on Monday - they give less than $ 1.2 for the euro. On Tuesday, according to Reuters, the course continues to hesitate near this critical mark. On Tuesday morning, the euro is given $ 1.1995 against 1.1985 in the evening on Monday at auction in New York.

On Tuesday, the reason for the aggressive mood of the traders was the report of the organization of Conference Board, which showed that confidence in the ranks of American businessmen is at the maximum level over the past 20 years, reports Financial Times .

In addition, positive data about the labor market in the United States help the dollar: companies satisfied with the growth of income have finally began to hire additional labor and create new jobs. Dealers expect that the federal reserve system will respond to such progress in the economy and increase the discount rate, and the statements made at the Sunday meeting of the European Central Bank allow them to hope to reduce the discount rate in Europe. Both that and the other reduces the attractiveness of the euro.

According to Kommersant , the fall of the euro began on Friday, when the US Department of Labor reported on the number of newly created jobs. Rather - a minute earlier, which was very interested in American officials.

A minute before the official message, prices for state bonds of the United States came in motion. A similar picture was also observed in the foreign exchange market - in a minute the euro fell from 1.2328 to 1.2272 dollars per euro. And three minutes after the publication of data, he reached $ 1.2118. According to the Ministry of Labor, the data were distributed on time. Prior to publication, information was available only to the White House and the Fed. Yesterday, the US Securities and Exchange Commission began an investigation about the possible leakage of information.

It is believed that it was the small number of places created that the Fed has previously prevented the Fed - that is why positive data on the labor market so actively influenced the state of the foreign exchange market. “I think many have revised their forecasts about the time for increasing the rate from the end of the year to the closer months. If a couple of reports are as positive, then the increase can take place in August,” said ABN Ambro analyst Greg Anderson.

The news on the euros was executed yesterday from the meeting of representatives of the ECB, held last weekend. Based on the tonality of the statements, the experts concluded that a decrease in the discount rate in the eurozone could still be held soon. Thus, currency dealers were put on the reduction of the gap in the accounting rates of the United States and Europe at once on both sides of the Atlantic.