Dynamics
dollar showed widespread decline against all major currencies. When the pair EUR /USD has updated the local maximum at around 1.4535, the pair GBP /USD rose to 1.6585, and the pair USD /CHF fell to 1.0430.
Japanese yen also strengthened against the dollar, but lost position against other currencies. When the pair USD /JPY dropped to a mark of 92.00, and the pair EUR /JPY rose again to a mark of 134.00.
Commodity currencies have continued to rapidly build up an advantage against the U.S. dollar. Thus, the pair AUD /USD rose to a new high 0.8660, the pair NZD /USD has almost reached the mark of 0.7000, and the pair USD /CAD has fallen to 1.0670.
Causes
On the eve of the market returned to a desire to take risks. Stock prices and raw materials on world markets have grown, and against this backdrop, investors sold the dollar, buying more profitable assets. At the same time the dollar's decline has not been determined action of a specific factor or broken data, and the result of positive investor sentiment, persisting since the beginning of summer, and backed by the latest macroeconomic data, as well as the results of the meeting finance ministers of the Twenties.
What to expect?
In general, given the slow world economy out of recession, as well as continuing the previous monetary policy in the U.S. Federal Reserve, we can expect further weakening of the dollar. In addition, until the end of the week the market will do a very limited number of new macro-economic data that could affect the overall situation with the U.S. currency. In particular, today is not expected to publish important data from the U.S., except for the economic survey of the Fed Beige Book. Nevertheless, this event is unlikely to significantly affect the position of the dollar.
From other data, expected today, interest rates will provide the UK trade balance, however, and they probably will have very limited impact on the pound.
Why worry?
the decline gradually becomes the medium term, but still unexpected news can deploy a trend in favor of the U.S. currency.
The next great crisis tranche
arrival of the IMF mission in Kiev waiting impatiently ...
Forex - Asia
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Papers Polyus Gold and Polymetal, rise in price in recent days, today for three hours trades fell 2,1% and 1,62% respectively
During the first half of the medium RTS Index futures continued to consolidate in the region of 113 000-114 000 points
In the near term potential for growth among the list of the most liquid securities have shares of oil and gas industry
Sergei Shmatko: Russia's oil companies - welcome in Iraq
Financial Services Commission gives authority
JPMorgan: New rules of finsektora adversely affect the profitability of banks