By the opening of today"s European session at USD quotes FX managed to restore some of the lost positions before. Notable influence on the U.S. dollar has in this case issued on the morning of Tuesday with Reuters the statement of investment manager of the department"s largest Chinese sovereign fund Chinese sovereign wealth fund with assets of approximately $ 300 billion, P. Dzhanmina.

In his view, the U.S. dollar reached a market "bottom" and a tendency to quote the American currency will change to positive later this year. However, indicators of the relative value of the Japanese yen in the currency will continue to segment began in the late 2009 decline.

However, the impact of the information on the dynamics of EUR /USD may be limited. After a lively appreciation of the U.S. currency in December, PG and on the background out last Friday rather "weak" data, the Department of Labor U.S. investors have done in recent years betting on the growth rate USD, may choose, at least in part, to take profits. Although in this case, it is worth noting that, according to the President of the Federal Reserve of St. Louis by J. Bullard, as expressed last week, Friday and report on unemployment in the U.S. will have no impact on Fed policy.

Greatly influenced the quotes single European currency to the U.S. dollar, obviously, can demonstrate the results on Thursday appointed the next meeting of the ECB. Basic rate of the European Central Bank is likely to remain in January of this year on the previous mark of 1% per annum. In this case, the leadership of the Central Bank ofEMC may, in its statement on the meeting one way or another to express their appreciation shown by the market reaction carried out in November - December 2009 sufficiently active verbal intervention against the single currency eurozone.

In general, the ability to save in the coming weeks quotes euro /dollar trading range 1,43-1,49 now looks still relevant. At the same time enhance the chances of the final USD to EUR in the medium term on the background, probably quite unstable in character of the process of economic recovery from recession, the Eurozone looks more preferable.

Of the macroeconomic news that came yesterday, it should be noted the balance of payments statistics in Japan. Surplus of this indicator in November, PG Y 1 totaled 304.8 billion against the average forecast and the previous value of this indicator is equal to Y1220 and Y1338 billion billion

Although such statistics looks noticeably better performance of the index in the second half of 2008 - the first half of 2009, its value still remains very far from the highs reached in Japan of payments surplus in 2007, the whole dynamics of this indicator continues to testify in favor of the outcome weakening of the JPY on the international market in the medium term.

Asia: Markets in turmoil, reporting Alcoa disarmed Commodity
Europe: corporate accountability have not added optimism
United States: the quarterly reporting season has started not the best way
Latin America: cheaper Commodities played into the hands of the bears
Forex Market. 13/01/2010
Asia: China gave a general collapse
Europe: following statements Societe Generale banking sector had to surrender
USA: pessimists, optimists have won
Latin America: steelmakers and mining companies helped the index to complete trades in the black