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Today In The Bag

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The euro improved its record on Friday about the ranking greenback to $ 1.4967 per euro, the weakness of U.S. currency by concerns about U.S. growth.
The euro reached $ 1.4967 at 0330 GMT, approaching the psychological barrier of $ 1.50 per euro, in a market marked by the New York close on Thursday (the feast of Thanksgiving Day ) and Tokyo on Friday.
At 0625 GMT, the European currency stood at 1.4922 U.S. dollars.
The dollar weakened by the expected economic slowdown in the U.S. where the Federal Reserve (Fed) has revised downwards its growth forecast for 2008. The Fed has placed it at between 1.8% to 2.5%.
The vast majority of forex traders think the Fed will have to make a new currency realignment in December to give a little oxygen to the economy particularly affected by the crisis in the housing sector, with the protagonists deleted.
At its next meeting on 11 December, the interest rates of the USA may well go to 4.25% versus 4.50% the end of October.
Successive records of the euro led to a new alarm in the area of the single European currency.
German Chancellor Angela Merkel, acknowledged Thursday that the strong euro is a little positive factor for Germany, while recognizing that arises "naturally a problem."
The topic can be discussed at the meeting scheduled for Friday at 1915 GMT, at the Elysee Palace in Paris between French President Nicolas Sarkozy and the president of the European Central Bank (ECB), Jean-Claude Trichet .
Investors may speculate with falling rates in the euro area but we believe that there will be behave as inflationary risks in this area.

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