EURO GETS DOLLAR PARITY IN ITS SIGHTS
Tema(s): En: Financial Times 13 jul. 1999, p. 29Resumen: The euro yesterday slid to another lifetime low, taking it to within striking distance of parity with the dollar. Aside from its symbolic importance, market participants said, a fall to parity could trigger a violent lurch lower in the European single currency. Large automatic sell orders by investors are believed to be lurking at the 1.00 rate and a breach of that level could create new downward momentum. Economists said, the main cause of the latest fall, which took the embattled currency down to 1.0114 during the day, was weaker than expected German industrial production figures.| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-021910 (Navegar estantería(Abre debajo)) | Financial Times. 13 jul. 1999, p. 29 | Disponible |
The euro yesterday slid to another lifetime low, taking it to within striking distance of parity with the dollar. Aside from its symbolic importance, market participants said, a fall to parity could trigger a violent lurch lower in the European single currency. Large automatic sell orders by investors are believed to be lurking at the 1.00 rate and a breach of that level could create new downward momentum. Economists said, the main cause of the latest fall, which took the embattled currency down to 1.0114 during the day, was weaker than expected German industrial production figures.
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