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Euro now continue to move in the range 1,4860-1,5040 dollar

Oct 16th, 2009 | By admin | Category: News International Markets

Thursday once again failed to present any surprises on the currency market. The emerging upward correction of the dollar in the middle of the day quickly gave way to the growth of high-yielding currencies at the end of the North American session.

Left before reporting Goldman Sachs and Citigroup a few disappointed players, prompting the closure of long positions on the euro, but later released macroeconomic data for the U.S. economy could reverse the negative impact of corporate statistics. As a result, the main couple of the market once again rose above the mark 1,49 dollars for euro.

Last week, the number of initial applications for unemployment insurance in the U.S. declined again, reaching the lowest level since January 3, 2009 - 514 thousand units, the figures were better than forecasts of experts. Inspired the players and the positive data the FBI in New York on the productive sector. U.S. Department of Labor on Thursday also announced the final information about the level of consumer prices in September, which month terms increased by 0,2%. The annual inflation for the past 7 months is in the negative zone: -1.3%. In the European Monetary Union in September, prices have not changed compared to the previous month. While in annual terms, consumer price index also shows the negative dynamics: -0,3%. Deflation in key economies will continue to signal the commitment of monetary authorities of some States to maintain an unprecedented mild conditions of monetary policy.

Data on inflation once again heated up an appetite for risky currencies. Meanwhile, the head of the European Central Bank said Thursday that he considers excessive volatility in currency markets is extremely negative and hostile event to revive the global economy. Trichet once again expressed support for the policy of strong dollar, which promised to follow the U.S. government.

Today in the United States Treasury publishes data on international capital flows (17:00 Moscow time.), as well as statistics released by the industrial production in September (17:15 Moscow time.).

In general, we expect the euro today, will continue to move in the range 1,4860-1,5040 dollar.

Today 13-00 (Moscow time) published data on euro area trade balance
The head of Bank of America Lewis did not receive a salary for 2009
Kommersant: The government is tightening fiscal controls
U.S. tightened position on the yuan, but do not accuse China of manipulating currency
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