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Monday, November 16, 2015

Euro After Tragedy Paris 13 November

euro touched the lowest level in six and a half months against the yen and near a six and a half month low against the US dollar also in the Asian session on Monday (16/11) morning after the horrendous attack that took place in Paris on Friday (13/11) ago. Although not too siginifkan, it appears that there is pressure suffered by the euro.
EUR / USD faded 0.5 percent to 1.0710 figure, pull over to the low level last week reached 1.0674. The pair has retreated about 7 percent from its peak on 15 October at the 1.1495 figure.
Before the onset of the attack, the Euro was under pressure amid eskpektasi expansion of monetary easing by the Bank of Japan's (ECB) is expected to be implemented in the last month, so it may be able to cut interest rates to a level more negative.
EUR / JPY Most Significant
Against the yen, the euro also seemed helpless in the lower level 130 645, the lowest level of the cross pair since late April. EUR / JPY last occupied the number 131.38 Yen, declined 0.5 percent from the level achieved in the New York session at the weekend. A large number of forex trading seems to shrink in perdaganagn New York session as the attack that took place in Paris on Friday night.
Shunsuke Yamada, a forex strategist at Bank of America Merrill Lynch in Tokyo, told Reuters that the terror attacks that hit Paris evokes negative sentimena in Europe. For now, it is unclear what its impact on consumption and the economy, but clearly, the people of Europe, especially France, would be more careful when out of the house or even afraid to leave the house. Pair EUR / JPY forex pair according to Yamada is that feel the negative implications of this tragedy.

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