Thursday, May 21, 2009

Home auctions in Europe. Browse Dealers

The dollar continues to suffer the pressure from the start of the European session. The players realize a reaction to the minutes published yesterday evening FOMC, which were lowered U.S. economic outlook and the Fed indicated the possibility of continuing redemption of assets in the future. The greatest loss of U.S. currency suffered against the yen. Japanese trust banks, brokerage houses and private investors "with one voice" to buy yen, not only against the major currencies, but in the Cross. At the moment, the euro / dollar is close to the 1.3800 figure. Sustained demand for euro from 1.3750 was observed. Retailers report that in this point are saved on the purchase orders. Barrier option to 1.3810 so far is an obstacle to continuing the upward movement of spot-rate euro / dollar.

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