rate Euro to U.S. dollar and rising yen on Friday in a statement the leaders of the European Union (EU), that the eurozone economy is on track to sustained economic recovery, reports Bloomberg.
According to the draft communiqué session of the EU at the level of Heads of State and Government, held in Brussels, further fiscal incentives are not needed, and attention should be shifted to consolidation.
euro rate against the U.S. rose during the bidding to $ 1.3944, compared with $ 1.3900 at closing of market on Thursday. The value of European currencies to the yen rose to 134.77 yen from 134.17 yen the previous day.
support of the euro are also expectations that the European Central Bank (ECB), who will speak on Friday, confirmed the intention to maintain the base interest rates at current levels.
Currently, the ECB rate is 1% per annum, while the U.S. Federal Reserve keeps its target range of 0-25% per annum, the Bank of Japan - at the level of 0.1% per annum.
on Friday will be presentations by members of the Council of the ECB Mario Draghi and Lorenzo Bini Smaga.
United States dollar against the yen rose on Friday to 96.61 yen from 96.47 yen on Thursday. Strong statistical data on the U.S. economy, published on 18 June, as well as increasing the World Bank estimate for China's economy in 2009 led to the yen and increased sales of investments in more profitable assets.
We have received some encouraging news on the world economy over the past day, - said currency strategist Bank of New Zealand Ltd. tributary Hampton. - Promising data came from the United States. This increases the rate of other currencies and the yen.
Nevertheless, as a result of the week yen may rise to record on the dollar and the euro, given its expansion in the previous days.
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