Friday, July 3, 2009

Data on the NFP was forced to ponder the market. The U.S. no longer sells

Since the publication of disappointing data on employment in the United States, moreover, were worse than expectations, the dollar and the yen strengthened across the spectrum of the market. Do not add optimism dollar sellers and the President of the ECB statement that "the stage of recovery" the region may begin only in mid-2010. Additional stimulus to the strengthening U.S. currency, China has become a statement that the country would like to see the dollar is stable and does not intend to raise the subject of a new reserve currency in the G-8 summit in Italy. "After this statistical situation is in favor of the dollar", - said Benedict Germany, currency strategist at UBS AG Stamford. - "Investors wake up, wipe your eyes and say:" It's summer, and the world situation has not improved. " Such opinion and Lauren Rosboro, currency strategist Westpac Banking Corp in London: "By the end of September we expect to reduce the euro to $ 1.33, because economic data probably will continue to indicate that the recovery of world economy will be weaker than many people expected. We all know that the euro will continue to cheapen. Speeches rapidly, and, moreover, a significant restoration is not. "

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