The euro climbed against the dollar on Friday, moving to levels seen for 11 months in a renewed optimism about the situation in the euro zone fueled by German and a good indicator of high levels of repayment of loans granted by the Central Bank (ECB).
Around 1400 GMT (1500 Paris), the euro bought 1.3458 dollars against 1.3376 dollars around 2200 GMT on Thursday. The single European currency is mounted to 1:15 p.m. GMT to 1.3470 dollars, its highest level in 11 months.
The euro rose also face the Japanese currency to 122.33 yen against 120.91 yen Thursday. The euro climbed to 122.77 yen at 1:20 p.m. GMT, its highest level since April 2011.
The dollar also rose against the Japanese currency to 90.90 yen against 90.40 yen yesterday evening. The greenback rose to 1:20 p.m. GMT 91.19 yen, its highest level since June 2010.
"The crisis is over. At least in Germany," commented Carsten Brzeski, an analyst at ING, said Friday after a higher-than-expected in January Ifo index, the main barometer of German business confidence.
The index has signed in January his third consecutive month, rising to 104.2 points, its highest level since June 2012.
This figure is better than expected, adding to confidence index ZEW German financial circles in December reached its highest level since May 2010, restored investor confidence in the outlook for Europe's largest economy and by extension throughout the euro area.
In addition, investors' appetite for risky assets such as the euro, was reinforced by the fact that the ECB announced Friday that 278 banking institutions in the euro area it had expressed their intention to repay in advance January 30, 137,160,000,000 euros in the first three years of outstanding loan (LTRO) it had granted in December 2011.
"The amount of reimbursement is expected by the market," noted Kathleen Brooks, an analyst at Forex.com.
These figures were so reassuring traders on the health of the banking sector in the euro area.
Sterling known for its hand a further weakness against the euro and the dollar after the announcement Friday of a downturn stronger than expected economic activity in the UK in the fourth quarter, raising fears the observers a return to recession in the country for the third time since the beginning of the crisis.
For its part, the yen continued to decline, affected as before by the record trade deficit recorded in Japan last year, noted the operators.
This further decline of the yen comes as the Japanese Finance Minister, Taro Aso, on Friday strongly rejected accusations of manipulation of currency rates made abroad, including Germany, after the publication of the Japanese government and central bank (BoJ) to a joint statement on monetary policy.
Taro Aso said that the current downturn in the yen, which lasts for a few weeks, "was clearly a unilateral adjustment after the ascension" that occurred before and had brought the currency to new heights in 2011 and 2012.
Around 1400 GMT, the British pound fell against the euro at 85.18 pence per euro, after falling to 85.36 pence, its lowest level since December 2011. The book is resumed against the greenback at 1.5808 dollar, after reaching its lowest level since August 2012 (1.5746 dollar).
The Swiss franc fell against the euro at 1.2442 Swiss francs to the euro but rose against the greenback at 0.9247 Swiss francs to the dollar.
The ounce of gold finished at 1670.25 dollars at auction morning against 1671 dollars Thursday.
The Chinese currency finished at 6.2224 yuan against one dollar for 6.2178 yuan yesterday.
Around 1400 GMT (1500 Paris), the euro bought 1.3458 dollars against 1.3376 dollars around 2200 GMT on Thursday. The single European currency is mounted to 1:15 p.m. GMT to 1.3470 dollars, its highest level in 11 months.
The euro rose also face the Japanese currency to 122.33 yen against 120.91 yen Thursday. The euro climbed to 122.77 yen at 1:20 p.m. GMT, its highest level since April 2011.
The dollar also rose against the Japanese currency to 90.90 yen against 90.40 yen yesterday evening. The greenback rose to 1:20 p.m. GMT 91.19 yen, its highest level since June 2010.
"The crisis is over. At least in Germany," commented Carsten Brzeski, an analyst at ING, said Friday after a higher-than-expected in January Ifo index, the main barometer of German business confidence.
The index has signed in January his third consecutive month, rising to 104.2 points, its highest level since June 2012.
This figure is better than expected, adding to confidence index ZEW German financial circles in December reached its highest level since May 2010, restored investor confidence in the outlook for Europe's largest economy and by extension throughout the euro area.
In addition, investors' appetite for risky assets such as the euro, was reinforced by the fact that the ECB announced Friday that 278 banking institutions in the euro area it had expressed their intention to repay in advance January 30, 137,160,000,000 euros in the first three years of outstanding loan (LTRO) it had granted in December 2011.
"The amount of reimbursement is expected by the market," noted Kathleen Brooks, an analyst at Forex.com.
These figures were so reassuring traders on the health of the banking sector in the euro area.
Sterling known for its hand a further weakness against the euro and the dollar after the announcement Friday of a downturn stronger than expected economic activity in the UK in the fourth quarter, raising fears the observers a return to recession in the country for the third time since the beginning of the crisis.
For its part, the yen continued to decline, affected as before by the record trade deficit recorded in Japan last year, noted the operators.
This further decline of the yen comes as the Japanese Finance Minister, Taro Aso, on Friday strongly rejected accusations of manipulation of currency rates made abroad, including Germany, after the publication of the Japanese government and central bank (BoJ) to a joint statement on monetary policy.
Taro Aso said that the current downturn in the yen, which lasts for a few weeks, "was clearly a unilateral adjustment after the ascension" that occurred before and had brought the currency to new heights in 2011 and 2012.
Around 1400 GMT, the British pound fell against the euro at 85.18 pence per euro, after falling to 85.36 pence, its lowest level since December 2011. The book is resumed against the greenback at 1.5808 dollar, after reaching its lowest level since August 2012 (1.5746 dollar).
The Swiss franc fell against the euro at 1.2442 Swiss francs to the euro but rose against the greenback at 0.9247 Swiss francs to the dollar.
The ounce of gold finished at 1670.25 dollars at auction morning against 1671 dollars Thursday.
The Chinese currency finished at 6.2224 yuan against one dollar for 6.2178 yuan yesterday.
