Dollar to Euro on increased demand for safe assets

Dollar to Euro on increased demand for safe assets


The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.09% to 99,04 points.

MOSCOW, 16 Nov. The dollar on Monday morning the Euro is growing against the background of increasing demand for more reliable assets after a series of terrorist attacks in Paris on Friday, according to AFP.

As of 09.21 GMT the Euro against the dollar decreased to 1,0731 1,0773 of the dollar from the dollar to the Euro. The dollar exchange rate to yen has fallen to 122,44 yen per dollar with 122,61 yen per dollar at the previous closing. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.09% to 99,04 points.

The mood of investors is influenced by news about the series of terrorist attacks that occurred on Friday evening in Paris and claimed, according to the latest data, the lives of 129 people. Against this background, investors are trying to protect their assets.

In addition, some experts note that the events in Paris can harm the plans of the U.S. Federal reserve to increase base rates in December. “Such events may force the fed to rethink the possibility of a rate hike next month, if in the near future on the world markets will experience a substantial correction”, — quotes the edition of The Wall Street Journal senior National Australia Bank economist David de Garis (David de Garis).