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The euro to dollar grows in expectation of positive statistic data and decisions G20

Sep 25th, 2009 | By admin | Category: Scenario and forecasts

The euro to dollar grows on Friday in anticipation of positive statistic data in Europe and the U.S., as well as decisions of the summit Group of Twenty in Pittsburgh, reported Bloomberg.

Investors hope that the leaders of the Group of Twenty at a summit in Pittsburgh to take decisions that will help the global economy as quickly as possible to recover from the recession.

Euro to 9:25 was worth $ 1.4685, compared with $ 1.4666 on the basis of trading on Thursday.

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single European currency fell against the yen this time to 133.24 yen from 133.86 at the end of the session on Thursday.

value of the dollar against the Japanese domestic currency was at 9:25 90.74 yen against 91.27 the previous day.

volume of orders for durable goods in the United States rose in August to 0.5% after the jump to 5.1% a month earlier, the forecast of analysts polled by Bloomberg. U.S. Department of Commerce will publish data on the volume of orders on Friday at 16:30.

At 18:00 will be made public in August, sales of new buildings. This figure, according to experts' forecasts, increased by 1,7% - to 441 thousand houses in annual terms.

At the same time, the University of Michigan will issue a final value of the calculated index of consumer confidence in the U.S. economy in September.

index, as expected, rose to 70.5 points from 65.7 points a month earlier. The preliminary value of the indicator stood at 70.2 points.

Also, market participants expect the positive data on the level of consumer confidence in France, which will be published in 10:45.

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