The Euro is higher against the US dollar today after positive data out of the Eurozone and one of Germany’s most influential politicians called for France to leave the Eurozone.
At 8.39pm (GMT) the Euro was trading at $US1.1265 up 0.37 percent from yesterday’s trade.
Germany’s latest IFO business climate index came in at 106.6 against expectations for a figure of 107.1 showing business confidence remaining stable in Europe’s biggest economy.
In a shack announcement ,Joerg Meuthen, co-leader of the AFD told a German newspaper in an interview today that the political culture of France was not like Germany’s and they are not prepared to cut costs in order to get ahead and should be kicked out of the Eurozone,
“They don’t want austerity at all,” he said,
He noted that some countries in the EU shared the same values including some of the new Eastern European members,
“We can have a common currency with the Netherlands, Austria, Finland or Baltic states. They have similar cultures of stability like ours,” he added.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. Before deciding to trade foreign exchange you should consider whether you understand how CFDs work, your investment objectives, your level of experience and readiness of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.
|By clicking "Continue" you will be redirected to the website operated by FIBO Group, LTD company registered in BVI and regulated by FSC. Please familiarize yourself with the Customer Agreement through the link. Click "Cancel" to remain on this page.|