Forex Account – The latest data of Bank of Spain which was released on Wednesday (August 18) indicated the NPL Ratio of banks in Spain of June was 5.3 percent, which was very close to the highest point for 15 years made in May at 5.5 percent in the forex market.
At the same time, the Hungary independent financial committee said if the government did not take any relative action, Hungary would be unable to achieve the deficit reduction target of the year 2012.
Meanwhile, the adjusted data of Destatis indicated the real retail sales month rate in June of German was at 0.3 percent, and the primary figure was to reduce by 0.9 percent; and the real retail sales year rate in June increased by 4.7 percent, and the primary figure was to surge 3.1 percent in the forex market.
The forex rate of EUR/USD was opened at the level of 1.2881 in the New York forex market, and early in the forex market, this forex price surged up quickly and broke the high record at the level of 1.2919 in the middle of the forex trading session, but later this forex price fluctuatedly fell back. And at the beginning of the afternoon session in the forex market, this forex price surged up steadily, and later it slumped again and was finally closed at around the level of 1.2860 in the forex market.
The forex rate of EUR/USD was at 1.2856/58 at 04:12 Beijing time.
Edited by Laura.