U.S. dollar strengthened markedly in the international currency market as a result of trade Monday. Against the backdrop of negative trends in the stock pads, and recent statements at the summit of G8 Ministers of interest to the U.S. currency once again intensified. In particular, comments by Alexei Kudrin at a meeting in Lecce, Italy were able to allay the fears of investors concerning the future prospects of the dollar as reserve currency.
euro felt additional pressure because of news about the continuing deterioration of credit conditions in Germany. Increased the sales of the new European currency and the ECB statement to the effect that the situation in the euro area financial sector continues to be unfavorable. The regulator does not preclude a new wave of defaults and bankruptcies. Against this backdrop, intensified rumors of a possible stress-tests for European banks.
released yesterday by the negative data on U.S. prosignalizirovali unreasonable expectations on a number of investors who believe that the economic downturn in major economies is almost complete. Promulgated by Federal Reserve Bank of New York manufacturing index showed another decline in June, while the rate of decline even increased in comparison with previous months. Published by Ministry of Finance report on the movement of U.S. capital flows in April was also less favorable. Net sales of long-term U.S. securities by foreign investors totaled 8.8 billion dollars, almost 28 billion less than in March.
By the middle of the North American session, a pair of home market fell below the 1.38 dollars per euro, which is - at least since the end of last month.
In today's Asian session, the single European currency managed to slightly podrasti, and with the opening of tenders in Europe for one euro offer 1.382 dollar.
Tuesday rich in macroeconomic statistics. In particular, today went on consumer inflation in the UK (12:30 Moscow time.) And the euro (13:00 Moscow time).. German ZEW research institute publishes a traditional indicator of economic sentiment in Europe's largest economy (13:00 Moscow time.), While in the U.S. publish inflation figures for production, the volume of new housing construction (16:30 Moscow time.) And data on promproizvodstvu in May (17: 15 Moscow time)..
Output macroeconomic indicators can significantly enhance the volatility in key currency pairs market. In general, today the main foreign exchange forward tandem in the corridor traffic 1,372-1,395 dollars per euro.
Today in the United States is expected: the index of producer prices, the number of construction of houses, industrial production and reporting BestBuy and Adobe Systems
Significant declines as the dollar strengthening in the market of the major base metals
Yesterday, a pair of Euro /dollar fell throughout the day to 1.3755
Review of the FOREX market for 15.06.09
Today we looked forward to a fairly busy day in terms of information
U.S. markets on Monday have been under considerable pressure
Met with U.S. forces
During the afternoon schedule index Dow Jones is still going through a bottom-up flag
Asia: optimism among investors and experts diminished