europa-euro The euro rose to new maximum of 20 months against the dollar after the sharp decline in orders for durable goods Use, which falls in October of'8, 3%: the single currency touched proportion ¬ 1.32 Tuesday evening September 28 .
Down the dollar / yen to 116.2. The rise of 'euro ² pear is not emphasized all'Ecofin, where the European financial ministers tend to focus on strengthening the' European economy.

Even the 'OECD in its Economic Outlook shows a rebalancing of global growth, where Europe continues to grow, while the U.S. slows down. The chief economist of 'OECD, Jean Philippe Cotis minimizes the strengthening of' euro, arguing that does not damage the economy of the Old Continent. The strong euro is not even worried about the International Monetary Fund.  "There's no particular reason to preoccupazioneÂ," said the director of the IMF's European department, Michael Deppler, for which  "the single currency is not at a level that could put the suffering competitiveness » .  "The idea that there is a problem of competitiveness - has added Deppler - is not supported by facts." For the director of IMF, therefore,  "the euro is properly appreciated, and to keep this must remain between 1.25 and 1.30 dollars." As regards monetary policy, finally, Deppler emphasized how  'need to move towards a more neutraleÂ.

  • Share / Save / Bookmark
Tags: Dell, OECD, USA

Related posts