Dynamics

dollar again fell against other major currencies. This pair of EUR /USD rose to 1.4260 mark, a pair GBP /USD re-test 1.6600 area, while a pair USD /CHF has fallen substantially below the 1.0700 mark.

Japanese Yen, however, maintained its position against other currencies. This pair USD /JPY fell below the short-term 94.00, a pair of EUR /JPY 132.00 almost reached the mark, but then recovered above 133.00.

Commodity currencies also continued their recovery against the U.S. dollar. Thus, the pair AUD /USD broke the 0.8300 mark, a pair NZD /USD re-emerged in the area of 0.6770, a couple of USD /CAD has fallen below 1.1000.

Causes

The reason for decline in the dollar once again became a growing propensity of investors to risk and a further recovery in equity markets. In part, the dollar has helped reduce the rise in oil prices after the sharp decline in U.S. stocks. At the same time, most major currencies traded unevenly during the session. This growth was the outsider the British pound, which was unable to close above the previous day. Market participants were somewhat disappointed with the meeting minutes last Bank of England, which indicated that members of the committee were divided in opinion about the aggressiveness of further stimulating the economy.

What to expect?

In general, the market situation has not changed. Intraday volatility remains high, but auctions are no fixed lines, reflecting a general uncertainty about the future prospects of major currencies. This market continues to be responsive to incoming data.

Today in the United States is expected to publish the number of applications for unemployment benefits, as well as two indices - of leading indicators and business activity in the area of responsibility FRB Philadelphia. The number of applications for benefits can have a mixed impact on the dollar, because it is subject to fluctuations, while the indices of waiting for further improvements that will likely stimulate the sale of American currency.

What is fear?

Uncertainty about the future prospects of the dollar and high volatility are the main market risks.

Yesterday's strong growth in the euro-dollar from 1.41 to 1.425 caused confusion in currency markets
Swiss banks are looking for new markets, reduce the volume of transactions with customers from USA
U Ukrtransnafta happened displacement
National Bank of Ukraine: Statement on the heads of the MIA Rodovid Bank undermines the stability of hryvnia
Operation elimination

Extensions moratoriums said only that the National Bank of Ukraine and the Cabinet has not decided what to do with problem banks, ...

Forex - Asia
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Recommendations on shares of Gazprom, Lukoil, MMC Norilsk Nickel, Sberbank and VTB
On Thursday, market participants succumbed to the global optimism quotes and basic metals rushed up