The U.S. currency on Tuesday continued to lose the position against key competitors

Written by admin on September 23rd, 2009

The U.S. currency on Tuesday continued to lose the position against key competitors. On the stock market optimism is back, and the players once again streamed into riskier assets. A positive factor was the report of the Asian Development Bank, in which the organization raised its growth forecasts for the economies of some countries of the Eastern Pacific. As a result, a key pair of the market once again renewed the yearly highs, breaking a mark 1,48 dollars for euro.

Caution, which traditionally have shown the players before the meeting of the U.S. Federal Reserve, fully come to nothing. Bidders are almost certain that the regulator will keep rates at current near-zero level, with some comments regarding the prospects you soon collapse the stimulus package will not be. At the same time, we do not exclude that the Fed may announce a downward adjustment in certain programs, in particular, for redemption of mortgage bonds. In the case of such a scenario the dollar will get significant support because the other major central banks have already made it clear that in the near future are not going to give up non-traditional methods of monetary regulation. On Tuesday said one of the ECB (the head of the German Bundesbank), this point of view shared by his British colleagues.

In general, we expect the results until the announcement of the Fed meeting, currency trading will be quite sluggish, and key pair will continue to move in yesterday formed bands. Thus, the euro trading will take place mainly in the area 1,4720-1,4840 dollar. Corridor traffic on the British currency amount 1,6320-1,6460 dollar.

In addition to meeting Fedrezerva today published indexes for procurement of services in the countries of the euro area, as well as extend the data on industrial orders and the general business climate in the European monetary union.

Forex - Asia
Today's rise in Russia's stock market is constrained by lower oil prices
Eurodollar updated annual maximum: a pair of quotation marks reached 1,484 and is now being adjusted to a level of 1.478
Prior to the announcement the outcome of the Fed meeting, U.S. markets will be sluggish trade, a motion vector indicates Steytment FOMC
Recommendations on RTS Index futures on Wednesday
On the eve of Fed meeting, many participants prefer to wait, hoping to clarify the situation
Today is better than the market at Russia's trading platforms can be shares of MMC Norilsk Nickel
Asian stock exchanges today slightly reduced
Euro has risen in price in Ukraine

 

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