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Tuesday certainly was a day of dollar

Feb 23rd, 2010 | By admin | Category: News International Markets

Tuesday certainly was a day the dollar: the U.S. currency again managed to get closer to their months of highs, demonstrated the previous week.

strong demand USD began to use even during active trading in Asia. News that Bank of China has asked yet some banks to increase their foreign exchange reserves due to the large volume of lending, and others - to stop granting credits to the end of the month, prompted investors to buy dollars. Attract investors and the yen, but the strengthening JPY prevented agency Standard Poor "s, which is Japan"s debt rating assigned a negative outlook because of deteriorating the flexibility of monetary policy, which could hamper the fight against deflation.

At the same fundamental data from Europe did not manage to help European currencies. Although the indices of the German research institute Ifo, and were generally better than expected growth in GDP of Great Britain in the 4 quarter definitely disappointed: 0.1 instead of 0.4%, which led to a sharp drop pounds almost 150 points.

marks dollar reached its maximum after the release of fa1000vorable data on the U.S.: an indicator of consumer confidence and the index of house prices were better than expectations.

Thus, over the past day, the dollar has won about 100 points in a pair with the euro, drove the course of the last lower level of 1.4100, about the same for GBP, for which in the early days gave approximately 1.6250, and at the end - less than 1.6150. A pair dollar /franc on Tuesday was able to rise above 1.0400 and briefly again approaching a mark of 1.0500, while the yen was worth USD cheaper prices fell below 90.00, and even reached 89.32.

Forecast for Wednesday, January 27, 2010

On Wednesday, at least part of the day on the market can expect a lull: the most anticipated event will be the U.S. FOMC meeting, which will be decided on the basic interest rate. At the same time the American currency will gravitate toward reached its highs last week and will try to go to a couple of 1.4000 to the euro, 1.6100 to break in a pair of the pound, rise above 1.0500 francs. Tentative alone yen, which alone of all the major can compete with the dollar amount of meanness in interest rates and even win. Thus, it is expected that the pair USD /JPY will be traded in the range of 89.00-90.00, tending, however, toward the lower level.

Latin America: consumer confidence was the protection of China
United States: the Fed does not expect big surprises, but the bulls in any case excluded themselves
Tax on the past will fight
The stock market has overestimated its ability

past week on global stock markets, and among them, and in Ukrainian, was generally marked by negative mood ...


Forex - results of the day
The Ukrainian stock market rose Tuesday on thd3fe rallies Ukrnafta ", ignoring the dynamics of the world mixed sites
At the Davos World Economic Forum opened: main theme - post-crisis development
Influence the course of trading today will have statistic data on sales of new homes (18.00 IST) and oil reserves in the U.S. (18.30 Moscow time)
External background has a temporary return of bull market in Russia

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