The dollar reached an annual minimum of a basket of major currencies in European trading Tuesday, on rising gold prices above the key mark of $ 1000 per ounce, which may be due to the tendency of some states reduce the proportion of U.S. currency in reserves in favor of gold.

Concerns about the dollar's status as the world's main reserve currency, flared up again after the annual report of the UN Conference on Trade and Development, which called for the creation of a new global reserve system that uses multiple currencies and gold.

supported the demand for risky operations had summit of the Twenties , where financial leaders had agreed to continue the supportive monetary policy. This may mean growth in oil consumption in the coming months. The growth of equity markets is accompanied by a fall in the dollar, making oil becomes a more attractive asset for investors outside the United States.

oil quotes on Tuesday was more than $ 68 a barrel in anticipation of OPEC meeting on Wednesday, and thanks to the growth of Asian and European stock markets and address the Big twenty to continue measures to stimulate the economy.

gold exceeded $ 1000 per ounce in trading in London, rising to its highest level since March 2008. The growth of gold helped the weak dollar and uncertainty of investors in the economic reconstruction.

In my opinion, a couple of dollar /euro this week, will be traded within 1,4230-1,4430.

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