Asian and European trading
sessions:
Euro: The EUR / USD pair remained within the $ 1.3212
-$ 1.3263 range. The publication of weak PMI in France, Germany
and the EU as a whole had the negative effect on euro trading dynamics and
pressured the currency during
both sessions. Also, the
announcement of the Fitch credit rating agency, which reduced the credit rating
of Greece to the "C" from “CCC " did not provide any
support.
US
Dollar: The dollar grew to a six-month high
against the yen to the level of Y80.35 showing the clear evidence that the U.S.
economic is about to recovery in the nearest future. These positive expectations
might reduce the possibility of starting of the 3d round of quantitative easing
program by the Fed.
British
Pound:
The pound fell to
lows of $1.5661against the
U.S. dollar
after the
publication of the protocol of the last meeting of the Bank of England. In the
published minutes of the meeting was noted that the Committee of the Bank of
England expects the decline in
inflation in
2012.
Australian and New Zealand
dollars: The Australian and New Zealand dollars dropped after the
publication of the preliminary value of the HSBC Flash China Manufacturing PMI
index. An indicator of manufacturing activity in the country in February rose to
49.7 against the previous 48.8 in January.
American
trading
session:
Japanese
Yen:
The yen weakened above the level of Y80.35 against the
dollar. The representative of the Ministry of Finance of Japan said that the yen
is falling due to the easing of monetary policy by Bank of Japan and the Greek
agreement.
Gold: The Gold reached the new
highs of 1781 dollars per ounce and closed its day at the level of
$1775.
Oil:
The WTI oil futures on NYMEX
grew
to the highs of 106.6 dollars per barrel against the background of the
situation around Iran.
No comments:
Post a Comment