In the foreign exchange market, the dollar is strengthening against the euro, with the European currency trading early in the afternoon at $1.001 from $1.0119 when the market opened. The indicative price for the euro/dollar exchange rate announced by the ECB was 1.0175 dollars.
European bond markets showed stabilizing trends today.
The announcement of US inflation (up 8.3% in August) which is estimated to be pressuring the Fed for bold rate hikes, did not “touch” European bonds.
Developments on the other side of the Atlantic, however, caused pressure on the euro, as a result of which it lost much of the gains of the previous days.
In HDAT, transactions of 54 million euros were recorded, of which 32 million euros related to purchase orders. The yield on the 10-year bond stood at 4.20% from 4.26% yesterday versus 1.71% for the corresponding German bond, bringing the spread to 2.49% from 2.58% that closed yesterday.
In the foreign exchange market, the dollar is strengthening against the euro, with the European currency trading early in the afternoon at $1.001 from $1.0119 when the market opened. The indicative price for the euro/dollar exchange rate announced by the ECB was 1.0175 dollars.
RES-EMP
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I have worked in the news industry for over 10 years and have been an author at News Bulletin 247 for the past 5 years. I mostly cover technology news and enjoy writing about the latest gadgets and devices. I am also a huge fan of music and enjoy attending live concerts whenever possible.
