Wednesday, June 17, 2009

Nomura expects growth in the euro / dollar

Over the past few weeks, the American currency has managed to recover slightly suffered earlier losses, but starting from Tuesday Dynamics euro / dollar has undergone some improvement, and, while a new attempt to continue to decline should not be ruled out, they, according to strategists Nomura, should be used to resume purchases. The company reminded that next week a meeting of FOMC, which can be more negative for the dollar than most people expected the majority of market participants. Nomura strategists believe that the short-term strengthening of the U.S. currency has exhausted itself and the attention of the foreign exchange market shift toward the Fed and the fundamental factors, and reported that the expected resumption of growth in euro / dollar toward the $ 1.50.

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