Euro Drops Even Further

March 10, 2015

Monday saw mixed trading results on world financial markets. In Europe, namely, the FTSE 100 fell 0.51 percent to 6876.47 points, the German DAX grew 0.27 percent up to 11,582.11 points whereas the French CAC 40 dropped 0.55 percent getting down to 4,937.20 points. Market players were influenced by a rise of the investor confidence index. However, there were no considerable rate movements before EU finance ministers’ meeting concerning Greece this week.

In Russia, the MICEX index fell 0.9 percent down to 1,712.99 points, and the RTS index shed 1.1 percent down to 893.52 points.

In the USA, the Dow Jones advanced 0.78 percent up to 17,995.72 points, the S&P 500 grew 0.39 percent up to 2,079.43 points, and the NASDAQ added 0.31 percent reaching 4,942.44 points.

The NYMEX price of April WTI oil futures rose by $0.39 and made $50 a barrel. On London’s ICE, the price of April futures for oil of mark Brent went down by $1.20 and reached $58.53 a barrel.

On the Forex market, EUR/USD continues to fall. In case of favorable macroeconomic data, the pair may get to 1.0650 already this week.   

Anna Gorenkova, NordFX Analyst

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