Forex: euro again antihero, pierced lows in July
Apparently, the euro"s liking the role of anti-hero - otherwise how else to explain the rapid escape their usual currency abroad? Since yesterday evening, the single currency has consistently penetrated the psychological level - as, for example, 1.4000, and descended to the lowest since July last year at 1.3830. There have been rescued from the fall and strong bids, which stood at 1.3970.
By 09:50 GMT, the euro traded at levels of 1.4051 against 1.4020 at the close on Wednesday. Despite recovery from lows, we emphasize that the single currency could well turn back.
important macroeconomic news is worth paying attention to the fact that on Wednesday evening, the Fed announced a predictable decision to leave interest rates at current levels and explained that the rate will be in this range for a long time. In addition, U.S. forces have given and the statements by Obama about the intention to expand tax breaks.
Of important makrostatistiki on Thursday is expected publication of data on levels of consumer confidence in the euro area and in the afternoon will be published data on durable goods in the United States.
While officially question remains with the appointment of Ben Bernanke to head Fedrezerva for a second term - the desire of investors to risk completely disappears after all uncertainties are resolved and Bernanke usyadetsya firmly in his chair. Thus, while the dollar is strong, and the chances of any significant recovery in the euro in the short term, no.
Estimated range of trades from a pair of EUR /USD at today - 1.3950-1.4120.
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