In the past few months, changes in foreign exchange markets, manages a number of factors. One of the most important markets for all, without exception, is considered the level of acceptable risk. The bad news, as a rule, are supporting the dollar. Euro steps are more or less in step with the remaining "unsafe" currencies, and rising when investors are recruited courage and begin to be interested in risk assets. Several times in this model, central banks intervened. In mid-March, the dollar has experienced a sharp but short drop, after the Fed announced the expansion of its policy of quantitative easing. But soon all related fears evaporate. After the April press conference the President of the ECB Trichet has been under pressure from the euro, as investors were closing long positions on the single currency against the backdrop of uncertainty about future monetary policy of the Bank. However, and this correction of life was short-lived. In late April, the euro could well even stronger against a background of several favorable indicators of sentiment in the euro area. Fed meeting April 30, as such, are not reported to investors is nothing new about further action on the CB and its assessment of the economic situation. Meanwhile, the U.S. bond markets, especially with a long maturity, showing some nervousness: Breaks profitability has a number of important levels of resistance. Despite the fact that at this stage not to give special attention to this fact, in general, he points to investors' doubts about Fed action and thus reduce the prospects for the dollar.
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