Euro cheaper on inflation data in the euro area

Euro cheaper on inflation data in the euro area

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The euro exchange rate against the U.S. dollar on Monday due to declines were worse than expected inflation data in the eurozone , reports Bloomberg. According to revised data , inflation in the eurozone slowed in February to 0.7 % yoy from 0.8 % in January , while economists predicted conservation assessment at the preliminary level of 0.8 %.

However, the market’s attention remains focused on the situation around the Crimea, where on Sunday a referendum on the status of the peninsula. ” We are waiting for the reaction of the European Union , the U.S. response – said the head of currency strategy at HSBC in London , David Bloomberg. – Foreign exchange market looks very calm . He does not see what is happening in the global problem . Market believes that it is a local isolated problems .”
The euro exchange rate against the U.S. dollar to 15:54 MSK on Monday was $ 1.3893 compared with $ 1.3914 at the close of North American trading on Friday .

The yen depreciates all major currencies for the first time in six sessions , as the rally on the stock market reduces fears that the results of the Crimean referendum will lead to increased tensions in the relations of Russia and the West .

The cost of the yen against the U.S. currency fell to 101.81 yen against 101.36 yen on the basis of previous trades .

To Euro Japanese national currency fell to 141.44 yen against 141.03 yen on Friday .

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