Wednesday, November 11, 2009

UBS: the forecast for the dollar remains negative

As the currency analysts UBS, U.S. dollar sentiment remains bearish. The bank believes that the upward movement of the euro / dollar may suspend approach to peak this year at 1.5063, but his breakthrough would lead to an increase in couples to the 76.4% correction at 1.5163, support is at around 1.4811. In tandem with the Japanese currency the dollar is trading closer to a minimum 89.20 and 88.84 (minimum 15 and 14 October). In addition, note in the bank, the pair is significantly below the recent high of 91.32. Now, the euro / dollar traded at 1.4974, the dollar / yen is at around 89.90.

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