Finance
18:59 8 August 2020
Post by: WBJ

Euro doing better and better during the crisis: analysts

Euro doing better and better during the crisis: analysts
Source: Pxhere

Due to the general improvement in market sentiment, the difference in coronavirus statistics between the US and Europe and the acceptance of the European Union stimulus package, the euro is growing in strength. It has been paired with the US dollar recently at the highest since May 2018 and it can be expected to strengthen further, Ebury analysts Enrique-Diaz Alvarez, Matthew Ryan and Roman Ziruk believe.

"As expected, the euro continued its upward trend. Contrary to the situation in the US, it seems that European authorities have managed to contain the spread of the coronavirus. The number of new daily cases of infection in the four most populous euro area countries (Germany, France, Italy and Spain) in this respect, June was at its best by about 90%. Most of the security measures implemented in the countries of the currency bloc have been gradually phased out. several local outbreaks," noted Ebury analysts.

"The easing of the coronavirus restrictions was conducive to the improvement of data on economic activity. This improvement positively surprised economists. It raised hopes that the recovery may resemble the letter 'V' more than assumed. Key PMI indices describing the situation in industry and services showed significant increases in relation to the record lows recorded at the height of the current crisis," they added

(Wyborcza.biz)


euro
ebury
enrique-diaz alvarez
matthew ryan
roman ziruk

More News

lifestyle

LifeStyle
2 months ago

'We work hard, we achieved what we have on our own, we are strong women, and we have our voice': Joanna Krupa

LifeStyle
2 months ago

Magdalena Lamparska: 'Viewers have come to enjoy watching movies at home'

LifeStyle
2 months ago

8th edition of the 4 Design Days in Katowice 25–28 January Everlasting design. Timeless architecture.

LifeStyle
2 months ago

Children's birth completely changed my perception of the world: actress Zuzanna Grabowska

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
3 years ago

25th jubilee edition of Book of Lists – project start