Strong data on income does not cause a particular desire to sell the dollar

The dollar traded today with raised mood, and, while some members are inclined to explain the strengthening of the increasing demand for secure assets following the terrorist attacks in Indonesia and the fixing of profit speculators, analysts Citigroup advised to pay attention to the fact that the behavior of the market in recent days gives cause to reflect how much pressure had on the American currency on corporate income. The Bank draws attention to the fact that yesterday ended with an active growth equity markets against the backdrop of positive data IBM, JPMorgan, and Google, but we can not say that the risk of currency benefited significantly from this, but today they are showing decline, while the main stock Markets remain positive momentum. At Citigroup warned that this market behavior, the lack of favorable news from Citigroup and Bank of America will be a positive factor for the dollar (approx. Forexpf.Ru: Analysts, on average, expect that Citigroup will receive in the second quarter loss of $ 0.33 per share, while Bank of America profit of $ 0.18 per share). The behavior of the market, meanwhile, worried analysts and UniCredit, which indicate that long-awaited corporate records, but exceed expectations, it is likely otoydut second place, if investors see signs of deterioration of the economic statistics. The bank, in particular, note that the favorable effect on earnings was partially offset by JPMorgan report data FRB Philadelphia on business activity in the manufacturing industry. UniCredit analysts see risks that the current data on the U.S. housing market could stifle new good news on the part of corporate reporting and to support the dollar.