Foreign exchange Vienna (9.00) – Euro tends to fall in early trading 30.06.20

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The euro is at 1.1214 on Tuesday morning
US dollars have been traded. For the evening before, he faced it
of the US currency weakened. In the US business she had
Community currency quoted at $ 1.1234.The euro was above the support area 1.1167 / 71
US dollar well maintained, trading high at 1.1288,
wrote Helaba expert Ulrich Wortberg. Ultimately, however, sit down
the sideways trade observed for weeks continues. “With
Attention is paid to the pandemic course and with the increase
infection rates in the southern and western United States
risk appetite should be kept in check “.

Whether today’s economic data will bring positive impulses
can doubt, however, Wortberg: “One above the
Chicago PMI’s consensus estimate is unlikely to be able to
be to lighten the mood sustainably. “With the quick estimate
EMU inflation is only with despite the expectation of rising prices
core inflation below 1.0 percent and thus with one
moderate price pressure.

In China, however, the situation of the large and state improved
controlled industrial groups surprisingly in June. Of the
Purchasing managers’ index rose 0.3 points to 50.9 points,
announced the government in Beijing. Experts had with one
expected a slight decline. This indicator thus points further
towards an expansion of industrial production.

(Final) sto / mik

ISIN EU0009652759 EU0009652759

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