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On the international foreign exchange market continued active sales euro

Feb 27th, 2010 | By admin | Category: News International Markets

On the international foreign exchange market continued active selling euros. At the end of the trading day Thursday, the main couple forex market finally entrenched below the turn of $ 1,4 for euro - the minimum value over the last half year. Against the backdrop of lower stock indexes and falling commodity assets, players are less interested in "risky" currencies. "Paranoia" about sovereign debt problems of European countries and there was concern about the fate of the euro and monetary union only accelerate the withdrawal of players in a "safe" dollars and yen. The cost of "insurance" against default on the obligations of the Greek growing again. At the same time, the Greek state bonds continue to fall in price (in particular decades), while the yield spread with German Bond (benchmark European debt market) has reached a new record - more than 400 basis points.

Under pressure yesterday, and was the British pound against the bae9cckground of the company Standard Poor "s. In the rating agency said the vulnerability of the banking system of the United Kingdom. In particular, SP is no longer considered a British banking sector is one of the most reliable and stable in the world .

Another rating agency Moody `s on Thursday made a" warning "of Portugal, whose budget deficit this year will exceed projected to 9% of GDP.

most important event today will be the publication of preliminary data on U.S. GDP for the IV quarter (16:30 Moscow time.). As expected, the U.S. economy over the last 3 months of 2009 showed growth of 4,5%. If the actual figures will be in the forecast or above it, the dollar will get additional support.

In general, on Friday, according to our forecasts, the euro will be traded in a range 1,3830-1,4050 dollar.

Yesterday, the euro /dollar continued its decline in the U.S. session, and reached a mark 1.3950
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