This week opens a series of quiet trading after a very active trading last week. Last week was marked weakening again the U.S. currency against the emergence of new excitement about the prospects for further recovery in the world economy. Thus, in the press leaked rumors of possible talks of a number of countries to replace the dollar basket of currencies in transactions with petroleum products. Despite the fact that immediately after the publication of such news, these data have been refuted, - the dollar was subjected to another wave of sales. However, it is worth noting that if the euro was able to demonstrate sufficiently strong growth, the British pound, coupled with the same U.S. dollar behaved not so confident. The reason for that speculation began about the need for further active operations by the Bank of England to stimulate the national economy, as well as the emergence of the disappointing statistics. So, on Tuesday, October 6, details emerged about the dynamics of industrial production in the country for August, showed a sharp reduction in the rate of 2.5% in monthly terms.
But on Friday, October 9, the U.S. currency still managed to seize the initiative, if only for a short time. Against the background of encouraging the application of head FRS of Ben Bernanke, the dollar, the euro retreated back to a mark of 1.47, close to a reasonable level and the closure of Friday trading. Bernanke noted in particular that the committee already has the necessary means and tools to a gradual increase in interest rates and abandoning the policy of mitigating the ongoing economic conditions that, together with abundant external financing from the Government and has become one of the main reasons for the drastic reduction in the cost of U.S. currency . However, as soon as analysts do not expect that the Fed will go to increase the level of interest rates, and as benchmarks, called the second half of next year.
This week, until Wednesday, expect a moderate volatility. Today, 12 October, in the United States celebrates a national holiday Columbus Day, and the euro Friday and gradually wins back his failure, bargaining against the dollar at around 1,475. From tomorrow's publication is worth noting indices of consumer and retail prices in the UK, an index of economic sentiment in Europe, as well as the U.S. budget deficit. It is likely that if the data on the budget deficit will coincide with the expectations (expected strong reduction of the deficit), the dollar will cease to fall.
U.S. soften the tone for improving relations with China
Makhmudov friends with Tymoshenko
Dmitry Medvedev: The world economy emerges from recession
Papers of LUKOIL to overcome the resistance of this landmark in 1940 rubles
C Given the current growth, the negative reports of American companies may be perceived by the market pain
Index of the Frankfurt Stock Exchange Xetra DAX rose 89.53 points, the index of the London Stock Exchange FTSE 100 rose 71.96 points
Ministry of Energy: Energy should not hinder the progress of preparations for the APEC summit
Index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) rose by 89.53 points
The losses of banks in 2009 totaled 17.2 billion hryvnia