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The next wave of euphoria at the North American and European stock markets triggered a weakening dollar on Forex

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

The next wave of euphoria at the North American and European stock markets triggered a weakening dollar on the Forex. Investors once again gotten a taste for risk, as a result of yesterday have grown rapidly profitable, European currencies and commodity assets. Investors are encouraged by the reporting company, and Intel on Wednesday released macroeconomic data. Thus, according to the report the U.S. Federal Reserve, industrial output in June fell by 0.4% compared to the previous month, while the market had expected the recession to 0.7%. Factor loading of production capacities in the past month was 68%, while a year ago, its value exceeded 78%. In the automotive industry continues to suffer loaded only at 37.3%. In annual terms, the cumulative production in the U.S. fell by 13.6%. Companies continue to reduce inventories against the backdrop of falling consumer demand.

on Wednesday made public the data on consumer prices in the United States and the euro. According to the U.S. Department of Labor in June on a background of rising prices for energy and cars, inflation has risen compared to May to 0.7% (forecast 0.6%). However, the annualized price index was still at the minimum values for more than half a century: -1.4%. Moved to the negative territory and the annual inflation in the European currency unit, where, according to the agency Eurostat, in June, it was: -0.1% (minimum value since the reference of such statistics (1997)).

In today's trading day, investors will wait for the report JP Morgan Chase, as well as the publication of the index of business activity FRB Philadelphia. In general, according to our forecasts, trading in the single European currency will be in the range 1,4020-1,4180 dollar.

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