The common European currency changed hands at 1.3527 before easing to 1.3511 in early trading in Frankfurt, well above the European Central Bank‘s median rate of 1.3467 on Thursday. Dealers said Thursday’s indication by ECB chief Jean-Claude Trichet that the bank might hike interest rates in June had benefited the euro. Fears about growth conditions in the United States coupled with the prospect of an increase in the cost of money meant that capital would continue to flow into the eurozone, they said. The last time the euro rose above the 1.35 dollars mark was in January 2005. (news.monstersandcritics.com)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
