Euro retreated against the dollar on the forex market

The Euro retreated against the dollar still on the forex exchange market this afternoon, a sign that fears of sovereign spread of the crisis do not improve. At this time, the euro lost 0.16% against the dollar at 1.3504 dollar the euro. A low of 1.3429 was marked this morning.

Not much new in Europe, where the policy of the ECB’s sovereign debt and the means of EFSF leave investors in the dark. And after Italy, market attention is also focused on France.

“The spreads (spreads) between German and French rates to 10 years were at their highest level since the creation of the euro (at 190 basis points),” remind traders of Pictet & Cie about meeting yesterday. The widening gap in the performance of state funds equivalent in France and Germany reflects rising investor concerns about the financial situation not only of Italy but also France.

At this time, the 10-year Bund reported 1.78% and the equivalent French OAT 3.66%, a spread of 1.88 basis point. Little improvement to report in that direction.

The “10 years” of Spain and Italy are respectively more than 6.3% and 7%. No release of pressure on that side either. The euro also lost 0.58% against the yen to 103.7, 0.14% against the pound at 0.8542 and 0.16% against the Swiss franc to 1.2372.

Statistics on the agenda of the morning, it was reported that the inflation rate reached 3% in the euro area from a year earlier in October, a rate unchanged from September, according to figures released Wednesday by Eurostat . The Statistical Office of the European Union states that monthly rate, that is to say, a month to month, the monthly inflation rate in the 17 countries in the region stood at 0.3 % in October.