U.S. dollar at the Asian auctions on Friday held the position in relation to major world currencies due to higher profitability gosobligatsy United States after the publication of favorable statistics.
The index of business conditions in the manufacturing sector of the U.S. Mid region, calculated by Federal Reserve Bank of Philadelphia, grew up in June of 2009 to minus 2.2 from minus 22.6, paragraph, paragraph a month earlier. Analysts interviewed by Reuters, suggested that the index will be minus 17.0 points. Indexes FRB of Philadelphia is considered one of the main indicators of the state industrial sector, which accounts for up to 1 /6 of U.S. economic activity.
Treasury bond yield rose on a background of fears over the fact that the market will not be able to swallow a new issuance of $ 104 billion. The new release will be offered at auction next week.
Investors are waiting for the meeting of the open market the U.S. Federal Reserve next week, wishing to determine what fate awaits the program of the Central Bank for the purchase of bonds and how the Fed sees a further development in the American economy.
This week, the currency market could not determine the trend, trying to understand whether or not to trust observed in the past three months, raising equity and high-risk currencies against the backdrop of the continuing recession.
Investors want to know whether the Fed will increase the volume of purchases gosobligatsy. The dramatic increase in profitability (long-term bonds) ... against the backdrop of a huge deficit (budget) could weaken the dollar, - said Tomohiro Nisida of Chuo Mitsui Trust and Banking.
Quotations euros to the dollar increased by 0.1 per cent to $ 1.3920 /24, down from a peak of $ 1.4002 marked on Tuesday in the EBS electronic trading and a maximum of 2009 at $ 1.4339.
Quotations dollar to yen increased by 0.1 per cent to 96.63 /65 units of the Japanese currency.
Gazprom oil and the Government of the Murmansk region signed a cooperation agreement for 2009-2011
Slavneft - Yaroslavnefteprodukt to pay dividends on preferred shares in the amount of 0,006 rubles per share
Shareholders' Kazanorgsintez decided not to pay dividends as a result of 2008 due to lack of net profit
FAS Russia will strengthen control over retail prices on all kinds of drugs
Profit Irkutskenergo in 2008 increased by more than 50% to 3.06 billion rubles
Sverdlovsk Energy signed the rules of interaction with the accession of consumers to the grid
By June 1, 2009 consumer debt Yenisei TGK has reached 1.87 billion rubles
Green shoots against yellow weed
Overview of the oil market for 18.06.09