U.S. dollar was trading weaker against most major currencies. When the pair EUR /USD rose again to a mark 1.4800, the pair GBP /USD, by contrast, fell below 1.5800, and the pair USD /CHF has once again fallen to a mark 1.0230.
Japanese yen remained under pressure against other currencies. When the pair USD /JPY short period left a mark above 90.00, and the pair EUR /JPY exceeded 133.00.
Commodity currencies strengthened slightly against the U.S. dollar. Thus, the pair AUD /USD once again rose to 0.9100, the pair NZD /USD returned to the area of 0.7400, and the pair USD /CAD has fallen to a mark 1.0310.
Causes
Trades were restrained, as holidays in Japan, the United States and Canada held the currency in narrow ranges. However, despite this increase in risk appetite pushed risky currency upward against the dollar. In the absence of economic data, currency relied on stock markets, and strengthening the index has increased investors' willingness to take risks, causing a rise in the euro and other high-yielding currencies. At the same time, the British pound was the only major currency, had fallen sharply against the dollar. Pressure on him had a record of the Center for Economic and Business Research, which said that UK interest rates remain at 0.5% until 2011 and will not be raised to 2,0% until 2014.
What to expect?
In a soft monetary policy the Fed, investors continue to hold dollars, buying higher-yielding currencies and riskier. However, the actions of investors have shown more restraint in anticipation of earnings reports of companies, expected this week. Any disappointment will mean the abandonment of risky assets and the return of funds in U.S. dollars, which will strengthen it.
This is not the expected publication of important macroeconomic indicators from the United States. At the same time, the Germanic ZEW index can shake the position of the euro. In the case of positive data of its growth is likely to accelerate, while disappointing values may provoke a decrease in the single currency. In the UK, will be known recent indicators of consumer price inflation. Expected to further reduce inflationary pressure, but this is unlikely to have supported the pound.
Why worry?
Unexpected news could trigger strong fluctuations in the currency market. In addition, the high risks of long-term trend reversal in favor of the U.S. currency.
Review of the FOREX market for 12.10.09
Dynamics
U.S. dollar was trading weaker against most major currencies. When the pair EUR /USD rose again to a mark 1.4800, the pair GBP /USD, by contrast, fell below 1.5800, and the pair USD /CHF has once again fallen to a mark 1.0230.
Japanese yen remained under pressure against other currencies. When the pair USD /JPY short period left a mark above 90.00, and the pair EUR /JPY exceeded 133.00.
Commodity currencies strengthened slightly against the U.S. dollar. Thus, the pair AUD /USD once again rose to 0.9100, the pair NZD /USD returned to the area of 0.7400, and the pair USD /CAD has fallen to a mark 1.0310.
Causes
Trades were restrained, as holidays in Japan, the United States and Canada held the currency in narrow ranges. However, despite this increase in risk appetite pushed risky currency upward against the dollar. In the absence of economic data, currency relied on stock markets, and strengthening the index has increased investors' willingness to take risks, causing a rise in the euro and other high-yielding currencies. At the same time, the British pound was the only major currency, had fallen sharply against the dollar. Pressure on him had a record of the Center for Economic and Business Research, which said that UK interest rates remain at 0.5% until 2011 and will not be raised to 2,0% until 2014.
What to expect?
In a soft monetary policy the Fed, investors continue to hold dollars, buying higher-yielding currencies and riskier. However, the actions of investors have shown more restraint in anticipation of earnings reports of companies, expected this week. Any disappointment will mean the abandonment of risky assets and the return of funds in U.S. dollars, which will strengthen it.
This is not the expected publication of important macroeconomic indicators from the United States. At the same time, the Germanic ZEW index can shake the position of the euro. In the case of positive data of its growth is likely to accelerate, while disappointing values may provoke a decrease in the single currency. In the UK, will be known recent indicators of consumer price inflation. Expected to further reduce inflationary pressure, but this is unlikely to have supported the pound.
Why worry?
Unexpected news could trigger strong fluctuations in the currency market. In addition, the high risks of long-term trend reversal in favor of the U.S. currency.
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