Euro rises after the German Bundesbank says higher interest are possible

The European currency is up today against all its counterparts, after the German Bundesbank did not rule out higher interest rates of the ECB in its monthly report, if the inflationary pressures in the euro zone should be too strong. After the price of the euro had fallen in July by the statements of the ECB President Mario Darghi, the ECB would keep interest rates long term at the current low level or below, the observation of a possible increase, brought in written monthly report of the largest national central bank of the euro zone, is a support for the common currency.

The strongest growth the EUR recorded against the japanese Yen, which is based due to the figures released today to the japanese trade balance. This shows a deficit of -0.94 T. The EUR / JPY is currently showing an increase of 0.53% at a price of 130.76.
Against the other majors, the EUR also was up. The pair EUR/USD is currently at 1.3354, which represents an increase of 0.20%. To the GBP, the EUR rose 0.04% at a current price of 0.8533.

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