Monday, May 11, 2009

The dollar began to recover their position

The dollar began to recover your losses made earlier in the auction in Europe, as markets quickly got rid of the propensity to take risks.
European stock markets opened down, the euro, which began the day with a great growth, but then gradually lost it. The instability was caused by fear of sentiment that the recent positive data will not be able to provide long-term impact on the economy, after the results of stress tests were not so positive.
General mood is also not helped the assumptions in the press that the State Bank of England expanded the program to mitigate quantify because of problems in the economy, the major British banks may still need to continue the rescue and a threat to recovery.
The tendency to take risks initially increase at the end of last week, and the results of stress tests, showed a limited need for new capital and those that payrolls outside of agriculture fell to only 539 000 in April, instead of 610 000, which was expected. This raised expectations that the U.S. economy is on track to recovery.
However, analysts warned: Unemployment - delayed indicator, and the market could put more emphasis in the leading reviews, to be published later this week.

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