Monday, April 27, 2009

Euro / dollar. Dealers Comments 27/4/09

The U.S. currency began a new week with a positive spirit, and so far managed to recover part of the losses incurred in previous trading session, given the deterioration in investor sentiment in light of news about the spread of pig influenza in the U.S., Canada and Mexico, with the cases of the disease were recorded and New Zealand, as well as in some European countries. Euro / dollar has opened the fall with the levels near $ 1.3230 rather quickly spikiroval to bidam of $ 1.3160/50, and although the offensive until the bears that had been stopped, recovery is now attempting to attract new vendors, and general mood remains negative. Dealers noted that the negative dynamics of couples today appeared to have contributed to the output messages in the media that the total amount of problem loans, only the German banks could be as high as E812 billion, as well as statements by ECB Governing Council member Axel Weber that the resumption of economic growth Germany is unlikely to begin before the second half of 2010. Dealers noted that after bidami about $ 1.3150 interested in buying seen in the vicinity of $ 1.3135/30 and break below would open the way for the next series bidov in the area of $ 1.3110 and then to $ 1.3090. Ofer, meanwhile, are now near $ 1.3180 and $ 1.3205/10.

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