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Supporting quotes the single European currency will have the results of the session scheduled for Thursday, the ECB

Mar 20th, 2010 | By admin | Category: News and Comments

Published in the last days of the data suggested the U.S. administration of the project the U.S. budget, statistics, index of business activity in the U.S. manufacturing sector, as well as information of the next study of the credit market, conducted by the Fed, have supported the segment risky investments.

Against this background, as well as under the influence of technical factors, quotes euro /dollar this morning near the 1.4000 mark test.

In the event of favorable data on Friday the U.S. Labor Department raising quotations euros to the USD will continue, despite the fact that the positive correlation between rate of this currency pair and quotations segment investments in risk "for the moment greatly weakened.

It is also possible that support quotes a single European currency will have results scheduled for Thursday session ECB. Central Bank of the euro area may well be concerned about the speed with which the market overestimates the increase in domestic financial risks of EMC. Accordingly, comments on the results of tomorrow"s meeting of the Council of the ECB, European Central Bank President Jean-Claude Trichet may otherwise be directed to support the market position of players waiting for a relatively active development in the medium term reconstruction process of the European economy and its financial sector.

However, it is unlikely the above information can serve as a pretext for the resumption of a sustained process of reducing the estimated risk investments. In particular, the characteristic that the positive statistics of ISM, as well as a review of the credit market according to the Fed eventually favor the predictions tightening of monetary policy is already in the Fed run the next several quarters.

Rate EUR /USD, may continue to decline in coming months. Nevertheless, short-term prospects of the currency pair to be relatively favorable.

ruble RF to the USD and the bi-currency basket of the MICEX today to 11:00 Moscow time was 29.86 and 35.26 rubles. against, respectively, 30.19 and 35.59 rubles. yesterday morning.

possibility of further outcome of the devaluation of the ruble of Russia in the foreign exchange market in the medium term remains.

At the same time, against the background of the restoration sector, prices of risky investments in the short term quotes RUB on FX, may expect a definite improvement.


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