JAKARTA . The euro began in June with pretty good . The European
Union's currency climbed for three days , after touching its lowest level over
the weekend . G -7 meeting that discussed the European debt crisis into a
positive sentiment for the Euro .
Lee Wai Tuck , Currency Strategist Forecast Pte in Singapore say if any new measures tackle crisis in Europe at the G -7 would be a positive sentiment . Consequently, the euro rose 0.2 % against the U.S. dollar ( U.S. ) to 1.2524 at 12:28 am Tokyo time , from the previous close of U.S. $ 1.2499 in New York . While against the yen , the currency of 17 countries rose 0.2 % to 98.10 yen .
Over the last six months , the euro has weakened as much as 3.4 % . Correaltion - Weighted Indexes Bloomberg said this is the worst weakness than 10 currencies of developing countries . While the U.S. dollar rose 4.1 % and the yen has appreciated 3.4 % .
The exchange rate movements , it had anticipated the financial
crisis in Spain and the potential that the Greek leave the euro zone . Nurul
Nurbaeti , an analyst at National Bank Indonesia , said the strengthening of the
euro over the last three days is a technical rebound from a technical reversal
alias . Because
the euro has weakened sharply , so look for a new balance
.
In addition, the sell euro currency also tends to persist so that it tries to rise. "If the euro can survive at the 1.25 level could continue to rise . But if it stays below that level, the downward trend will likely continue to happen , " Nurul guess .
G7 meeting is also projected to determine the direction of the next European conditions . Because the meeting will discuss the crisis in Europe . If the meeting there are concrete solutions to overcome the debt crisis in Europe could continue the strengthening of the euro . "Before the crisis of Europe was discussed at a meeting of the G8 and EU , but no concrete solutions . If G7 is also no solution then the euro is still a big pressure , " he said .
RT Kawengian Apelles , Monex Investindo Futures Analyst predicts euro will still be depressed and yesterday only a temporary strengthening .(kontan.co.id)
In addition, the sell euro currency also tends to persist so that it tries to rise. "If the euro can survive at the 1.25 level could continue to rise . But if it stays below that level, the downward trend will likely continue to happen , " Nurul guess .
G7 meeting is also projected to determine the direction of the next European conditions . Because the meeting will discuss the crisis in Europe . If the meeting there are concrete solutions to overcome the debt crisis in Europe could continue the strengthening of the euro . "Before the crisis of Europe was discussed at a meeting of the G8 and EU , but no concrete solutions . If G7 is also no solution then the euro is still a big pressure , " he said .
RT Kawengian Apelles , Monex Investindo Futures Analyst predicts euro will still be depressed and yesterday only a temporary strengthening .(kontan.co.id)
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