Foreign Exchange Market

The first half of last week was the American currency. If you are not convinced, visit Wells Fargo. A decrease in pairs Euro / dollar and pound / dollar. In this case, gbp / usd managed to “upgrade” at least February and reach a mark of 1.9400. Additional pressure on the pound Earlier this week, has published data on inflation in the uk, which was lower than expected. In the middle of the week as market sentiment had changed: the U.S.

dollar began to sell. The first explicit jerk Eurocurrency up took place after the publication of data on changes in the gdp of Germany. Were favorable and the labor market data the uk. In addition, dealers say, and technical factors that supported the euro: execution of a large number of bids in the euro area 1.3060.V further pressure on the U.S. dollar has had a speech in Congress, Chairman of the U.S. Federal Reserve Chairman Ben Bernanke, who said that the growth rate inflation in the country have begun to decline somewhat. Thus, market participants felt that the likelihood of lowering U.S. interest rates rose, and then sold the U.S.

currency. End of the week little changed in the balance of power in the market, despite a package of important economic data: the dollar failed to fall back on progress in the last days of the minima, and its competitors – to improve their achievement. The strongest currency in the same week showed se6ya Yen: usd / jpy pair for the week fell in price by nearly 3 yen. In this case, the Japanese currency gained support against the publication of economic data by country and expectations of higher interest rates by the Bank of Japan meeting which will be held this week. Observed over the past two days, the depreciation of the ruble against the U.S. currency on Friday gave way to correctional growth. The dollar gained a penny, up to the level of 26.24 rubles. So way before the weekend sale was completed on the euro / dollar above $ 1.3100, the pair dollar / franc – below 1.2350, while gbp / usd – 1.9500 in the area. The economic data that could have a significant impact on the course of trading on This week, include release of U.S. consumer price index (according to forecasts, data for January will confirm slowdown in inflation). In addition, the intrigue will be the decision of the Bank of Japan on its interest rates, as well as the speech of the Central Bank of the country. Also, next week will release the protocol of the last meeting of the Bank of England, uk gdp and publication of economic indices, calculated by the German institute ifo. Probably the dollar continues its decline in market Forex. Start the new week on the Russian currency market was marked by the resumption of the dollar’s decline. The U.S. currency has lost 3 kopeks, having fallen to a new level two-month minimum – 26.21 rubles. The main reason was the newly increased pressure on the dollar on world currency market developments in the situation where in the near future will depend on the dynamics of the currency pair ruble-dollar. Bidding on the euro earlier in the week are slightly higher bids.