Sunday, August 22, 2010

Forex: Dollar does not want to fall

In the Forex market on Wednesday, August 18, significant momentum has demonstrated the British pound sterling, which rose after the publication of the protocol the August meeting of the Bank of England and closed the session at around 1.5602 dollars per pound. As noted in the protocol, the interest rate remained at 0.5%. From the text of the protocol, this time clearly shows that in the case of inflation and the pace of economic recovery to tighten monetary policy will be reviewed in more detail, said analyst Lionstone Investment Services Ltd Alexander Veretennikov. Against this backdrop, the pound could begin rapid growth even at a high level of inflation. At 9:00 Moscow time, one pound is worth 1.5564 dollars per pound.
A pair of euro / dollar on Thursday, August 19, at Forex trading near levels of the session, by leveling the growth of the day. The closure occurred the day before at around 1.2858 dollars per euro. The growth of the euro impede market participants' expectations statistics has the U.S., which will be released on Thursday and Friday this week. It is assumed that the number of requests for unemployment benefit fell for the week and the index of manufacturing activity rose in August. However, many economists expect over the next two to three months to reduce 1,23-1,14 euros to dollars / euros, and then, in the perspective of six months, a new wave of growth in the single currency. Such a scenario has a right to exist, as investors once again begin to analyze the situation with the debt crisis in the eurozone, analysts say United World Capital.
On Thursday, the euro dropped in price considerably from the opening of trading at 09:00 Moscow time and costs of $ 1.2788 Apparently, sales of "European" day only intensify.

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