On the second day of the week the American currency continued to roll back the progress of the peaks. Thus, the euro /dollar continued to move towards 1.4000 and was able to reach the maximum of 1.3974, the pound /dollar rate had almost touched 1.6000, the dollar /franc 1.0550 gone to t1000he area, and the dollar /yen has broken away from 91.00, and went below 90.50. Only AUD against the U.S. dollar has been strengthened: the interest rates in Australia, contrary to expectations, were not increased, but remained stable, resulting in a country"s currency prices dropped sharply on a penny, lost in district 0.8800, while the later recaptured about half the losses . This move also affected by other more profitable than the USD, currencies, but to a much lesser extent.
Other published during the day "fundamentals" have not led to a serious reaction to the market. In general, activity in the market has been reduced, because the bidders are awaiting a decision of the Central Bank euro zone and Britain on Thursday and the rate of release of data on non-agricultural employment in the U.S. on Friday and, therefore, refrain from transactions.
Forecast for Wednesday, February 3, 2010
On Wednesday, the greatest attention of market participants will be drawn toward the U.S., which will publish data on the change in the number of employees from ADP - these figures are the forerunner of the data to change the number of employees outside of the country"s agriculture, the most important release of the month. According to forecasts, the situation has improved in January compared with December. However, not a fact that it would help entrench USD, the more so now, amid rising stock market indices for investors are gradually returning risk appetite. Euro continues to remain a tendency to grow and try to get closer to 1.4000. The same can be said about the British currency, which will continue to attempt to rise above 1.6000. USD /JPY and USD /CHF also will be traded in the range of 1.0500-1.0600 and 90,00-91,00 respectively.
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