After Friday's modest recovery, at the moment the dollar is once again demonstrating the rapid weakening of
By admin at 20 October, 2009, 5:24 pm
The situation on the Forex market remains unchanged. After Friday's modest recovery, at the moment the dollar is once again demonstrating the rapid weakening and the euro /dollar continues to update the record highs, approaching the important psychological mark of 1.50. The new week started quietly enough, and to date, analysts do not expect any significant changes in the overall trend in the market. The players are still concerned about the low interest rates, and the uncertainty of future prospects. The Fed has not yet disclose its plans to start tightening monetary policy, which, coupled with an increased appetite for risk, and lack of confidence in the dollar, provoking more new wave of active sales of U.S. currency. Analysts said the rise of the dollar could begin until early to mid 2010, then the same will be clear and further Fed policy, which may begin to raise interest rates much more aggressively than the ECB.
Macroeconomic calendar for October 20 relatively poor. Players can draw attention to the block of data from the United States at 16:30 Moscow time., Will be published when the index of production prices, as well as the dynamics of the construction will be released in September. Statistics is expected to mixed, but because the major influence on the course of bidding, probably never will. Recovery in the market can make the data on Thursday, when it is published statistics on unemployment in the U.S., and Friday, when will B. Bernanke speech on financial market regulation.
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