Dollar fell by auction on Friday against most major currencies except the yen, now at the beginning of the day opened at 1.3620 against the euro and above 1.4900 against the pound. In a couple of yen the dollar traded in 99.30. At the markets are still a concern for risk assets, despite the low volumes due to holidays in several European countries. Expected that the yen will remain under pressure in a thin market. Sales of Japanese currency also promotes the growth of stock indices, which inspires investor optimism, and to focus attention on the risky asset classes.
Meanwhile, the Fed decided to postpone publication of the results of stress tests to Thursday, until 7 May. On the same day, European Central Bank announces a decision on the bid. Investors expect a sharp easing of monetary policy and the announcement of the move to non-traditional measures of quantitative easing. ECB President Jean-Claude Trichet urged the remaining members of the Governing Council does not give any comments on this subject, to avoid speculation in the market.
Meanwhile, the Fed decided to postpone publication of the results of stress tests to Thursday, until 7 May. On the same day, European Central Bank announces a decision on the bid. Investors expect a sharp easing of monetary policy and the announcement of the move to non-traditional measures of quantitative easing. ECB President Jean-Claude Trichet urged the remaining members of the Governing Council does not give any comments on this subject, to avoid speculation in the market.
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