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Tuesday, January 13, 2015

Euro Declines to Nine-Year Low on Stimulus Outlook; Ruble Drops

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 4:47 PM No comments


The euro fell to a nine-year low as officials fueled speculation that the European Central Bank will begin buying government bonds as early as next week to stave off deflation.
A gauge of the dollar gained to almost the highest in a decade on bets the Federal Reserve will raise interest rates this year. Richard Clarida of Pacific Investment Management Co. said he sees the euro falling to parity. The shared currency slid after a Greek official said the nation may exit the currency union as the opposition party holds a slim lead heading into elections. Sweden™s krona climbed versus the euro as consumer prices fell less than analysts estimated. Russia™s ruble dropped with oil.
The euro dropped 0.5 percent to $1.1771 at 1:26 p.m. New York time and touched $1.1753, the weakest level since 2005. Europe™s common currency fell 1 percent to 138.69 yen. The yen rose 0.5 percent to 117.82 per dollar after reaching 117.74, the strongest since Dec. 17.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, was little changed at 1,143.41. It closed at 1,147.54 on Jan. 8, the highest in data going back to 2004.
Source: Bloomberg

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