for Thursday, February 4, 2010
On Thursday, the U.S. dollar has increased substantially in value relative to European currencies. The cost of the euro and pound were under pressure from publication of decisions of the Central Bank Eurozone and UK rates, which were retained without change. Due to the falling stock index investors sold riskier assets, including currencies with relatively high interest rates and buy dollars and Japanese yen.
end of the day the euro was trading at a level - just above 1.3700, the pound fell in value by about 150 basis pointsecfto - 1.5750. The currency pair USD /CHF entrenched above the level of - 1.0600 and peaked the day and the last few months - 1.0674. Dollar /yen at the beginning of the day was worth in the region - 91.00, but fell to a minimum of the day - 88.53.
Forecast for Friday, February 5, 2010
important news Friday, as analysts note FOREX CLUB, will be the publication of data on the U.S. labor market. Change the number of employees in non-agricultural sector of America is the main event of the month and always attracts traders unpredictability and force movements. But even before this news is worth paying attention to the release of inflation data producers in the UK (forecast promises to improve the situation) and employment in Canada (moderately positive expectations).
The U.S. currency today is still more attractive for purchase, compared with competitors from Europe. Therefore, it is possible that the dollar"s value drops to a level - below 1.3700 in the pair with the euro, and in combination with GBP reach - about 1.5600.
European stock exchanges were noted on the day a significant reduction
Rate for the dollar fell - an overview of cash markets
Kommersant: The deficit will force the fuel switch to gas
Merkel rejected the idea of a Franco-German Ministry
World markets shuddered because of fears about Greece and the U.S. labor market
Kommersant: The National Bank squeezed hryvnia
Why before the election is always getting more expensive products
Domestic Theme higher prices for food products suitable for populism and speculation ...
The reason for the recovery of the stock indices could be statistics on the U.S. labor market, which should show growth
Today, the Russian stock market, which from the beginning of the year looks much better than other areas of the world, risks being a very significant pressure