Traders Breathe Watching Euro Having Surpassed Rs 40
11 years, 7 months ago - September 18, 2012
Traders can only rejoice against a euro at Rs 40. Indeed, the euro had already surpassed the Rs 40 on September 14. An uptrend is confirmed that this Monday, September 17th with the euro trading at Rs 40.37.
The rebound of the euro reflects the decision of the U.S. Fed, last week to buy additional assets related to real estate loans at a rate of $ 40 billion per month.
" This decision has whetted the appetites of investors more willing to take risks. Because the euro is considered a currency risk, this has only appreciate vis-à-vis the dollar, "says Patrick Ah Vee, treasurer of Hongkong and Shanghai Banking Corporation.
