U.S. dollar slightly strengthened its position. When the pair EUR /USD short-term notes fell below 1.4900, the pair GBP /USD fell to 1.6400 area, and the pair USD /CHF back above the 1.0100 mark.
Japanese yen remains the position against other currencies. When the pair USD /JPY back to the area of 91.00, and the pair EUR /JPY continues to consolidate in the range above 135.00.
Commodity currencies fell against the U.S. dollar. Thus, the pair AUD /USD short-term fell below 0.9200, the pair NZD /USD fell below 0.7500, and the pair USD /CAD rose sharply in the area of 1.0500 marks.
Causes
Reduce stock indexes, as well as the Bank of Canada's surprise announcement provoked the strengthening of the dollar against other major currencies, with the greatest losses in behalf of the Canadian currency.
Bank of Canada left a key interest rate at the same level, but lowered forecasts for economic growth and inflation for the period up to 2011, while noting that the continuing growth of the Canadian dollar may totally negate the observed in July the favorable developments in the economy. This has weakened any expectations that the Bank of Canada, following the lead of the Reserve Bank of Australia, raise interest rates, and caused serious damage to the Status of the Canadian dollar.
also strengthening the position of the U.S. dollar contributed to the data on top of building and construction permits in the U.S., not the expectations of market participants.
What to expect?
Local strengthening of the U.S. currency does not indicate the end of its downtrend, and in the case of new growth stock indexes fall it is likely to continue.
This is not the expected publication of important data from the U.S., but the Fed Beige Book report, which may affect investor sentiment and cause some changes in the position of the dollar.
In the UK today, will be presented to the minutes of the last meeting of the Bank of England, which reveal details of voting and the Committee's views on the future of programs to promote. Against this background, the situation of pounds can also change significantly.
Why worry?
Still, the unexpected news can trigger strong fluctuations in the currency market. In addition, the risks of long-term trend reversal in favor of the U.S. currency remained strong.
Review of the FOREX market for 20.10.09
Dynamics
U.S. dollar slightly strengthened its position. When the pair EUR /USD short-term notes fell below 1.4900, the pair GBP /USD fell to 1.6400 area, and the pair USD /CHF back above the 1.0100 mark.
Japanese yen remains the position against other currencies. When the pair USD /JPY back to the area of 91.00, and the pair EUR /JPY continues to consolidate in the range above 135.00.
Commodity currencies fell against the U.S. dollar. Thus, the pair AUD /USD short-term fell below 0.9200, the pair NZD /USD fell below 0.7500, and the pair USD /CAD rose sharply in the area of 1.0500 marks.
Causes
Reduce stock indexes, as well as the Bank of Canada's surprise announcement provoked the strengthening of the dollar against other major currencies, with the greatest losses in behalf of the Canadian currency.
Bank of Canada left a key interest rate at the same level, but lowered forecasts for economic growth and inflation for the period up to 2011, while noting that the continuing growth of the Canadian dollar may totally negate the observed in July the favorable developments in the economy. This has weakened any expectations that the Bank of Canada, following the lead of the Reserve Bank of Australia, raise interest rates, and caused serious damage to the Status of the Canadian dollar.
also strengthening the position of the U.S. dollar contributed to the data on top of building and construction permits in the U.S., not the expectations of market participants.
What to expect?
Local strengthening of the U.S. currency does not indicate the end of its downtrend, and in the case of new growth stock indexes fall it is likely to continue.
This is not the expected publication of important data from the U.S., but the Fed Beige Book report, which may affect investor sentiment and cause some changes in the position of the dollar.
In the UK today, will be presented to the minutes of the last meeting of the Bank of England, which reveal details of voting and the Committee's views on the future of programs to promote. Against this background, the situation of pounds can also change significantly.
Why worry?
Still, the unexpected news can trigger strong fluctuations in the currency market. In addition, the risks of long-term trend reversal in favor of the U.S. currency remained strong.
Quotes of the majority of the most liquid shares on the MICEX decline, many blue chips up against a strong resistance levels
Most interesting are now undervalued securities of the electricity and telecommunications sectors
Stocks Rostelecom affirmed the right of buy on expectations, sell on fact
Thereafter the market Russia can expect new attempts to take a more aggressive downward correction
First correction lacks meaningful information occasion
Between a strong bottom-up approach today's session is not expected to play a fall is a great risk
The U.S. currency during the trading day Tuesday was able to strengthen against the major competitors in the forex
Indices of the Old World have demonstrated extremely volatile trading session
Denmark allowed the construction of the Nord Stream pipeline on its territory