On Tuesday, a pair of Euro / dollar rose to session peak of $ 1.4178
Aug 11th, 2009 | By admin | Category: News International MarketsOn Tuesday, a pair of Euro /dollar rose to session peak of $ 1.4178, after excess of the previous local peak of $ 1.4155, which revived the purchase of Euro. Market participants say that the Central Asian buying euro /dollar, as traders in London talking about buying a pair of Euro /pound by the Eastern European market participants.
In my opinion, all investors will be moved from the propensity to take risks to expectations for interest rates, which are important factors for long-term rates. The market is almost sure that the U.S. Fed will increase rates early next year. The focus of the market this week will be the Fed meeting, which is expected to retain the United States Central Bank rates unchanged and may decide on the completion of the program in September with the early redemption gosobligatsy maturities of $ 300 billion.
Gold desheveet to stabilize the dollar against the euro and weak demand in the physical market price of precious metals does not react to the news with the commodity market, subject to more macro-economic data, the most important of which - the dollar to the euro. Support for the price of gold has signed several European Central Bank agreement restricting the sale of 400 tons of gold a year within five years. Under the previous agreement the limit of 500 tons per year.
If you meet expectations for growth in the U.S. economy that contribute to recovery in equity markets, it will grow and the demand for oil, but as long as oil remains high. Last week, the U.S. Committee on Trade commodity futures indicated a sharp increase in long positions on the New York Mercantile Exchange, meaning that investors are betting on growth in the price of oil.
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