The greenback reachs a two-weeks high against the sterling.
The euro also grows versus the pound.
This week the single european currency falls as Group of 7 finance ministers meeting will discuss the strong euro valuation.
The country of Europe have much of its income based on exports, a strong Euro could reduce economic recovery on Eurozone.
Federal Reserve President Richard Fisher said that the country should exercise cautious optimism in the next months as the economy recovers.There are signs that the housing market has reached a bottom.
First we would like to draw your kind attention to the ECB rate decision that will come out later today, and to president Trichet’s news conference that will follow.
The U.S. currency has recovered part or previous losses versus the japanese counterpart in the last hour. USD/JPY crossrate rebounded at 90.40 and grew to 90.75.
Foreign Exchange Market daily Analysis over main currency like CHF, GBP, JPY, EUR. These reports are supported by analytic charts.
CHF: trend of rate overbought strengthening.
GBP: short-term long positions
Russia is the main energy supplier to Europe. This week as the crude oil price is up reaching the highest values, the ruble is growing.
Russian stocks are appealing in this current global economic scenario.
Today the dollar falls after the Federal Open Market Committee rate decision. Considering risk appetite, the currency was still taking its cues from underlying market sentiment.
Three colours lined chart about 24 hours spot gold in comparsion among yesterday and the day before yesterday.
Gold price is establish for U.S dollar / troy ounce.
After stopping on Monday, at Fibonacci resistance 90.68 down to the pip, Dollar-Yen stopped yesterday at the moving average SMA100, with the same kind of accuracy. And as you know, stopping near Fibonacci resistance levels (and moving averages as well) is an evidence that the trend in down. That’s why we find ourselves.
The Japanese currency and U.S Dollar grow versus the euro as stock markets fell, discouraging demand for higher-yielding assets.
The Yen, japan’s currency, increses against the 16 most-traded counterparts.
