Euro continues to grow strongly, despite the availability of debt problems in the area of circulation of the currency. Analysts can not find the reasons why the euro is going up so steadily against the dollar. In this case, the pound sterling is in place. Moreover, from a fundamental point of view in the U.S. economy is not so bad, and all is not well in the European economy, euro rally to take the form of a stampede from the dollar.
"The main source of dollar weakness now - it's China. Since the PRC authorities have moved to a more flexible yuan, the euro / dollar began to rise. The schedule for the five years shows a strong inverse correlation between pairs of dollar / yuan and the euro / dollar, that is this is not a short-term phenomenon. Euro is now used for dumping the dollar as the ECB, in contrast to the Bank of Japan fails to take action against the strengthening of its currency - says a senior strategist Chris Zwermann Financial Tsvermann. - The next important technical levels on euro / dollar rate is 1.456 dollars per euro, then - 1,48 USD / EUR. The growth of these markers to take about three months, but the first step has already been made, since the pair was fixed above the 1.35 dollars per euro. "
The expert would like to reduce everything to technical factors: the growth of value of the yuan is pushing the euro up. However, it is possible that not only deal in yuan. And the translation of their reserves in the area, "euro". Then the unrestrained growth of a "European" is more than justified, and the current price of 1.366 dollars per euro will seem very low in a month.
