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Euro loses further ground against the dollar

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EUR/USD – the euro lost further ground against the dollar and is trading around 1.3160 ​​as investors expect that the data on the trust that will be released tomorrow will show a worsening in the eurozone thus increasing bets that the ECB insert new measures to stimulate the economy. The President of the ECB, Draghi said last week that inflation expectations are decreased.

GBP/USD – the pound is falling against the dollar, around 1.6550 with various companies active in the sales market with foreign countries who fear a rally in the pound for the possible reduction of profits.

USD/JPY – the dollar remains stable against the yen around 104.00 because of conflicting data that emerge from economic indicators and because of the continuing tensions in Ukraine. The US Department of Commerce announced yesterday that the total durable goods orders had risen by 22.6% last month by hope for a possible increase of 7.5%.

Commodities

GOLD – is trading around 1,280.00 with investors who are considering strengthening the American economy and the dollar in the face of signs of an easing of tensions at the global level.

SUGAR – the price is quoted around 15.75. According to the international sugar overall consumption of sugar should exceed supply by at least three million tons to reach 4 million tons before prices can recover significantly.

S & P – the standard & poor’s 500 index yesterday passed the 2000 points that correspond to a value of equity equal to 66 trillion dollars.

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