Federal Reserve

The European common currency has undergone a veritable rollercoaster ride in March. The euro was in the wake of the friendly exchanges and increased risk-taking in the first half of the month in the fast lane, before the Greece crisis to the fore moved in the second half of March and the reverse gear is inserted. The development of the common European currency to the dollar in March at a glance: on the 1st March 2010 the ECB reference rate $1,3525 was found until mid March managed a price increase up to 1,3765 dollars (ECB REF. on the can) Greece debate the rate weighed on the euro in the second half of March strongly the euro sagged back off slightly then by 1.37, 1.33 dollars from benefited in the last trading days, after the euro area countries over a financial shield for Greece agreed upon as a reminder: on the first trading day 2010 the ECB reference rate still at 1,4389 dollars was found have been throwing we now but even a look at the economic developments in the month of March. In particular, these were (in chronological order): 5.Marz…das orders of the German industry in January 15.Marz…die U.S. industrial production in February 16.Marz…die ZEW economic sentiment in March 16.Marz…die interest rate meeting of the Federal Reserve 24.Marz…der IFO business climate index in March 26.Marz…das US economic growth in the fourth quarter of 2009 first 5.Marz…das orders of the German industry in January of notable figures on the done from the Economics Ministry in Berlin announced. + 4.3 percent compared to the previous month, the order data from the industry in Germany revealed the strongest increase in orders since June 2007. The numbers confirmed that German industry got new momentum after the lean development in the previous months. First and foremost, major orders from Germany for the strong growth were responsible.

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