Today, the euro rate rose to $ 1.429. The growth rate of the euro contributed to the message that the leaders of France and Germany have agreed on a common approach in resolving the debt problems of the Greek. However, statements by the Prime Minister of Luxembourg Jean-Claude Juncker made to them in the afternoon, investors' expectations not met. As a result, the euro once again went into the red zone.
Today the euro against the dollar has returned to levels two weeks ago. By 11.20 GMT the euro value has risen by 0.5%, to $ 1.4294 - its peak from July 8. Euro has strengthened its position in the Russian market. On the MICEX exchange rate of European currencies rose by 10 kopecks. Until 39.8493 rubles. / €. The European currency has strengthened its position the third consecutive day. During this time, the euro rose against the dollar by 1.3%.
Today the euro against the dollar has returned to levels two weeks ago. By 11.20 GMT the euro value has risen by 0.5%, to $ 1.4294 - its peak from July 8. Euro has strengthened its position in the Russian market. On the MICEX exchange rate of European currencies rose by 10 kopecks. Until 39.8493 rubles. / €. The European currency has strengthened its position the third consecutive day. During this time, the euro rose against the dollar by 1.3%.
Appreciation of the euro contributed to a message saying that the recent talks on Wednesday the leaders of France and Germany resulted in agreeing a common approach to resolving the debt problem of the Greek. The position of the two leading economies of the eurozone will be represented at the summit of leaders of the bloc, which takes place on Thursday. The new aid program will complement the Greek rescue plan worth € 110 billion, developed in May of last year. It is expected that it will include a new emergency loans to eurozone governments of Athens and the International Monetary Fund, and possibly other measures. "More significant strengthening of the euro hampered by the fact that the most interesting details of the negotiations behind the scenes. The main issue remains the private sector participation in the salvation of Greece and the effect of such a scheme on the ratings of Athens "- analysts NB" Trust ".
The situation had a positive impact on the value of Greek bonds. During the auctions of government bonds yield fell to a decade of 16.8%, whereas two days ago it exceeded 18.5%. Yield decade of sovereign bonds, Portugal and Ireland declined to 12,2-13,2% per annum, although last week it stood at 13-14,6% per annum.
In the afternoon, optimistic market sentiment began to disperse, as the market began to filter messages from the summit of EU leaders. Luxembourg Prime Minister Jean-Claude Juncker, who did not rule out the possibility of selective default in Greece, stressing that other ways of solving the problem would be more desirable. "I am not authorized to answer yes or no to the question of whether selective default - said Mr Juncker .- Do not rule it out, but we should do everything to avoid it." Immediately after the Minister of the value of European currency began to decline rapidly. As the vice president of financial markets, Nordea Bank, Dmitry Novoselov, the last few days the euro strengthened on expectations only to address the issue of Greece without the procedure of partial default. "The words of Mr Juncker dispelled expectations of optimists, and we saw a tough selling of European currencies," - said the expert. By 14:30 Moscow time the euro fell to 1,415 € / $, which is 0.5% below the close environment. On the MICEX, the euro fell to 39.6249 rubles., 13 kopecks. below the close on July 20.
The situation had a positive impact on the value of Greek bonds. During the auctions of government bonds yield fell to a decade of 16.8%, whereas two days ago it exceeded 18.5%. Yield decade of sovereign bonds, Portugal and Ireland declined to 12,2-13,2% per annum, although last week it stood at 13-14,6% per annum.
In the afternoon, optimistic market sentiment began to disperse, as the market began to filter messages from the summit of EU leaders. Luxembourg Prime Minister Jean-Claude Juncker, who did not rule out the possibility of selective default in Greece, stressing that other ways of solving the problem would be more desirable. "I am not authorized to answer yes or no to the question of whether selective default - said Mr Juncker .- Do not rule it out, but we should do everything to avoid it." Immediately after the Minister of the value of European currency began to decline rapidly. As the vice president of financial markets, Nordea Bank, Dmitry Novoselov, the last few days the euro strengthened on expectations only to address the issue of Greece without the procedure of partial default. "The words of Mr Juncker dispelled expectations of optimists, and we saw a tough selling of European currencies," - said the expert. By 14:30 Moscow time the euro fell to 1,415 € / $, which is 0.5% below the close environment. On the MICEX, the euro fell to 39.6249 rubles., 13 kopecks. below the close on July 20.
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