Surprise rebound of the single currency

The meeting was undoubtedly depressing and depressed. Despite good news, market exchange has been of interest to the disturbing figures of U.S. consumption, which have increased the appeal for the values refuge.

However, the trend has quickly turned in favor of the euro. Remains to be seen whether this trend will be very short or medium term. For now, one thing is certain, the traders have confidence in today's meeting despite the decline in consumer prices in June in the euro area, widely expected decline by economists.

The background is particularly favorable, the single currency has climbed back above 1.41 dollars on the foreign exchange market but this is mainly the yen, which has suffered the most today, appears to decline in both face the dollar and the euro.

In fact, the U.S. indicators have allowed the market to take hope. Indeed, industrial production has slowed its decline in June, registering a decline of 0.4%, while analysts betting on 0.6%. Moreover, the decline in industrial activity around New York has slowed more than expected while consumer prices have experienced a significant acceleration in the month of June, which was interpreted by traders as a sign of recovery.

Finally, investors in the foreign exchange market have also turned their eyes on the side of Beijing when the central bank announced the level of its international reserves. In one year, they have increased by over 17% for up to 2 131.6 billion, China holds the world's first currency.