(cerclefinance.com) tuesday at noon in the foreign exchange market, the single european currency was robust against the u.s. dollar, gaining 0.35% to $11782. while remaining almost stable against the yen, the pound and the swiss franc.
certainly, find experts of sax’s bank, the geopolitical risk him with catalonia and the action to be taken by donald trump on the agreement with iran. however, the actual impact on the market is still very limited. our measure of geopolitical risk, which had reached a peak in 2003 because of tensions in north korea, continues to fall (from a peak of annual), they said.
yet, the economic consequences of the referendum on self-determination are already visible, most large companies have moved their headquarters out of catalonia before an eventual declaration of independence. however, the phenomenon seems to be located, and interest rates are not significantly in the peripheral countries of the euro zone, which would represent a generalization of the concern. they tend to relax in a week, in spain.
‘we can say, however, is that investors, particularly those of the united states, seem to have understood that the constitutional crisis in spain is a very localized phenomenon, which has nothing to do with the economic issues of the grexit, adds saxo bank.
statistics in the morning, it should be noted that in july and august, the french industrial production fell by 0.3%, whereas it was up 0.4%, according to insee this morning. but yesterday in germany, this indicator was up by 2.6%, while it was expected that increased by 0.7%. no significant statistical
is expected this afternoon in the united states, but several members of the fed to take the floor. it should be noted that the indicator fedwatch of cme, the probability implied by the us central bank to raise rates in december, is close to 90%.
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Translated by forexguides.info Team