The European Central Bank (ECB) this afternoon (18/12) reported data on the euro zone's current account recorded a surplus of 20.4 billion euros in numbers. Whereas the financial account, combined with portfolio investment increased to 98 billion euros in assets and 51 billion euros in liabilities (pasifa). If the Euro-zone current account is calculated as accumulated until October 2015, the surplus recorded was 299.9 billion or 2.9 percent of the overall GDP of the Euro Zone.
Dollar Take Breath
This afternoon, the euro began to gather strength against the US dollar with EUR / USD rose 12:30 percent to 1.0858 figure. The US dollar itself this afternoon began to relax the muscles of the currency-major currencies as markets take a breath from the strengthening of the US dollar yesterday after the FOMC. Until this morning, the US dollar remained at a high level two-week high against the currencies of major currencies.
Thursday, FOMC Council agreed to raise the benchmark interest rate in the US new level, which is then 0.25 per cent to 0.5 per cent. Thus, the benchmark interest rate the Fed now is 12:25 percent, up from 0 percent previously. Regardless of the policy, the policy makers estimate the appropriate level of interest rates until the end of 2016 could reach 1,375 percent. Meanwhile, the German business climate index slightly receded with German business confidence reached only 108.7 from the previous 109.0 figure in November. Estimates of economists by Bloomberg expect the German Ifo numbers will not be amended.
Dollar Take Breath
This afternoon, the euro began to gather strength against the US dollar with EUR / USD rose 12:30 percent to 1.0858 figure. The US dollar itself this afternoon began to relax the muscles of the currency-major currencies as markets take a breath from the strengthening of the US dollar yesterday after the FOMC. Until this morning, the US dollar remained at a high level two-week high against the currencies of major currencies.
Thursday, FOMC Council agreed to raise the benchmark interest rate in the US new level, which is then 0.25 per cent to 0.5 per cent. Thus, the benchmark interest rate the Fed now is 12:25 percent, up from 0 percent previously. Regardless of the policy, the policy makers estimate the appropriate level of interest rates until the end of 2016 could reach 1,375 percent. Meanwhile, the German business climate index slightly receded with German business confidence reached only 108.7 from the previous 109.0 figure in November. Estimates of economists by Bloomberg expect the German Ifo numbers will not be amended.
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