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Euro Euro &Nbsp; Spain's Budget Will Save About 27 Billion Euros.

2012/4/2 21:17:00 15

The US economic data conveys different signals, which do little to make major currencies out of the recent range.

Business activity in the Midwest is slowing, while consumer spending is higher than income growth.

"Many

economic data

There are conflicting and conflicting messages, "said Camilla Sutton, chief foreign exchange strategist at Scotia Capital." there is no incentive to move currencies out of the month. "

The euro / dollar rose 0.3% to $1.3335, and the euro / yen rose 0.7% to 110.35 yen.

dollar

The yen fluctuated on the flat plate, rising 0.4% from late to 82.73 yen, with a daily high of 82.86 yen, with a low 81.82 yen on that day.

The euro / dollar will hit the best season in a year, rising 2.9% in the first quarter, benefiting from the second European Central Bank's injection of long-term loans to help ease the European debt crisis.

The first quarter of the euro / yen and US dollar / yen will be strong.

The yen has struggled since the Bank of Japan increased its asset purchases in February.

The move, and the possibility of more easing measures by the Bank of Japan, has led to a weakening of the yen.

The US dollar / yen will record a 7.6% increase in the first quarter, the first quarterly increase since the first quarter of 2011, and the largest quarterly increase since the first quarter of 2009.

The euro / yen performance was even stronger, rising by about 10.9% in the first quarter, the biggest quarterly increase since the fourth quarter of 2000.

Euro remains fragile

Analysts warn that risks remain in the second quarter.

According to Reuters data,

Euro

On Friday, the Swiss Franc hit a low point since mid 9. Investors tested the Swiss central bank to defend the euro's lower limit by 1.

2000 the determination of the Swiss franc.

According to Reuters data, the euro fell to 1.2026 francs against the Swiss franc, a low since September 14th.

The euro was the latest Swiss Franc to 1.2035 francs, down 0.2%.

Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, said there are many internal factors in the euro zone which triggered sovereign debt crisis, for example, regional economic growth is still inconsistent.

"It's hard to really see more euros, though there are relatively good news," he said.

Many analysts expect the euro to resume its downward trend in the next quarter as a result of worries about the heavily indebted second-line countries, and it is expected that big economies like Spain or Italy may need assistance.

"The key issue is the competitiveness of these countries in the global market," said Anders Soderberg, currency strategist at SEB, Sweden.

"Every time we announce a set of measures, the economy will drop a little."

The second quarter of US data remains critical, including non farm payrolls released next Friday.

Stewart Hall, senior exchange rate strategist at RBC Capital Markets, said recent optimism about the US economy may be disappointing in the coming weeks.

"We don't even need us data to fall, as long as it doesn't improve," he said.