Despite the disappointing macroeconomic statistics, the dollar began to punch. Current levels - 1,32 USD / EUR. 1,6 U.S. $ / lb and 85.4 yen / dollar. remain in force. The players decided not to jump the gun and wait for a pretext for a powerful breakthrough in the continuation of the game, either on the turn.
Period of weakening U.S. currency, it seems, began to wane. The players are winding up operations Sarry trade against the dollar, and as it enhance their profitability will decline, that will encourage more aggressive strengthening currency. Of course, the growth of the dollar will not take place overnight. This currency pairs will require a period of consolidation at current levels, which may last from weeks to months.
Most likely, in the next month markets continue to be in the side band at that level. But with the advent of the new fiscal year (in September) will be set powerful trends in the purchase of American currency, especially as the summer risky currencies have gained the potential to decrease.
The reason for the strengthening of "American" can find a lot. Macro-economic statistics of the U.S. inevitably begin to improve, and the debt problem in the euro area can regain its footing. To all this can add problems of overheating in China and India. And then the financial world is once again begins to shake. Most players would rush to buy new, old and reliable US Treasuries, by way of raising the rate of U.S. currency.
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