Forex: euro strengthens, the dollar crippled weak data in terms of employment
By admin at 20 January, 2010, 3:09 am
Single European currency, as was evident in the morning of the first trading day after the New Year holiday gift in the first days of the new year time is not lost - for the past week, the euro managed to grow to a peak in November 2009.
Investors inspired statisticdata the euro area, which were published last week, against the U.S. dollar played a commentary, Fed officials, who were not too optimistic forecasts. In addition, last Friday made public the data on employment outside the agricultural sector in the U.S., which showed a decline of 85 thousand jobs against an expected reduction of 10 thousand jobless rate remained the same 10.0%.
Against the backdrop of a sudden negative data on the currency market players speculated that due to the unstable situation in the employment sector the Fed will continue to stimulate the economy, and began to buy higher-yielding currencies against the bucks.
By 9:00 Moscow time on Monday, the euro was worth 1.4509 against the level at 1.4409 Friday.
Japanese yen on Monday morning and was able to recoup against a fellow of the American pressure after last week, caused by the appointment of new Minister of Finance, Japan - Fuji in his position was replaced by Kahn, who in respect of the yen has been more aggressive and categorical, saying that he hoped an even greater weakening of the Japanese currency.
In general, at the beginning of a new trading week - and for many traders, it will be the first this year - the sympathy of traders in the currency market forex on the side of the euro and high-yielding Australian and New Zealand dollars, which are gaining weight.
We continue to adhere to its forecast of growth of the euro in the future over the next six months, since the euro-zone economy recovers more stable than the U.S. economy, despite persistent problems.
Estimated range of trades EUR /USD pair for today - 1.4460-1.4600.
Traders expected the U.S. economy too much, the dollar declines
Last Friday, the euro /dollar rose to a mark of American session 1.4435
During the Asian trading session today is dominated by purchases
The first week was a rough enough new interesting in terms of identifying new trends in the movements of the main tools
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