Dynamics U.S. dollar on Friday, January 15 haggled with the increase across the spectrum of the currency market FOREX. When the pair EUR /USD closed at around 1.4380, the pair GBP /USD fell to 1.6261, and the pair USD /CHF closed around 1.0267. Demonstrated the strengthening Japanese yen against other currencies. When the pair USD /JPY closed at around 90.81, and the pair EUR /JPY stood at 130.60. Commodity currency closed weaker against the U.S. dollar. Thus, the pair AUD /USD stood at 0.9236, the pair NZD /USD closed around 0.7380 marks, and the pair USD /CAD at 1.0295.
Causes On Friday 15 January the U.S. dollar and Japanese yen were traded with a marked increase against other currencies throughout the session, as persistent concerns about the credit ratings in Europe and expectations of tighter monetary policy in China have prompted investors to buy assets of refuge . The euro fell to its lowest level in more than three weeks against the yen and up to a week low against the dollar. Euro also suffered from unfounded rumors that Germany”s Chancellor Angela Merkel may resign. These rumors were denied by the authorities in Berlin. Commodity currencies also fell against the U.S. currency, while the Australian dollar has become a leader fall. The strengthening yen against the dollar helped reduce the percentage differential between government bonds in Japan and the United States.
What to expect? We need to understand whether the U.S. dollar to trade in line with the previous strategy, when the signs of improvement in the economy, investors are shifting money from dollars into higher-yielding currencies, or whether it will strengthen against the backdrop of favorable economic news and expectations of more U.S. imminent rise in interest rates. It is likely that busy week of events will shed light on this situation. Today is scheduled to yield a number of important indicators. In particular, in Italy there are data on the trade balance. In Canada, there are data on capital flows. In the U.S., trades will not pass in connection with the celebration of Martin Luther King.
Why worry? In the absence of consensus on the direction of further tenders for the U.S. dollar is very likely to volatile changes in his situation.
Review of the FOREX market for 15.01.10
Dynamics
U.S. dollar on Friday, January 15 haggled with the increase across the spectrum of the currency market FOREX. When the pair EUR /USD closed at around 1.4380, the pair GBP /USD fell to 1.6261, and the pair USD /CHF closed around 1.0267. Demonstrated the strengthening Japanese yen against other currencies. When the pair USD /JPY closed at around 90.81, and the pair EUR /JPY stood at 130.60. Commodity currency closed weaker against the U.S. dollar. Thus, the pair AUD /USD stood at 0.9236, the pair NZD /USD closed around 0.7380 marks, and the pair USD /CAD at 1.0295.
Causes
On Friday 15 January the U.S. dollar and Japanese yen were traded with a marked increase against other currencies throughout the session, as persistent concerns about the credit ratings in Europe and expectations of tighter monetary policy in China have prompted investors to buy assets of refuge . The euro fell to its lowest level in more than three weeks against the yen and up to a week low against the dollar. Euro also suffered from unfounded rumors that Germany”s Chancellor Angela Merkel may resign. These rumors were denied by the authorities in Berlin. Commodity currencies also fell against the U.S. currency, while the Australian dollar has become a leader fall. The strengthening yen against the dollar helped reduce the percentage differential between government bonds in Japan and the United States.
What to expect?
We need to understand whether the U.S. dollar to trade in line with the previous strategy, when the signs of improvement in the economy, investors are shifting money from dollars into higher-yielding currencies, or whether it will strengthen against the backdrop of favorable economic news and expectations of more U.S. imminent rise in interest rates. It is likely that busy week of events will shed light on this situation. Today is scheduled to yield a number of important indicators. In particular, in Italy there are data on the trade balance. In Canada, there are data on capital flows. In the U.S., trades will not pass in connection with the celebration of Martin Luther King.
Why worry?
In the absence of consensus on the direction of further tenders for the U.S. dollar is very likely to volatile changes in his situation.
Although the external background and remains ambiguous, in Russia until the market is dominated by the positive mood
MICEX this afternoon, probably will be traded in a weakly negative zone near the mark of 1,445 points
An information plan Monday promises to be quiet and calm
External news background before opening a Russian trading platforms over the negative
Trading volume on the stock market, MICEX Stock Exchange on Friday amounted to 93.38 billion rubles
Gazprom and the Irkutsk region administration discussed the formation of the gas market along the route “Chikanskoye GCM - Sayansk - Irkutsk”
Late last week working on forex was marked by further strengthening of the currency of refuge against the general decline of interest in risky assets
Forex Market. 18/01/2010
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