Friday, October 29, 2010

The dollar has lost, despite the good economic data

It would be reasonably expected to strengthen the dollar yesterday in response to the exceeded expectations data on requests for unemployment, but the game did other factors. First, some traders to withdraw money on the actions of the Federal Reserve Bank of New York (he was interviewed market participants about their views on the QE, which will come into play next week).

Secondly, there were signs of interest in buying beaten and crushed peripheral bond markets, which helped the euro. And thirdly, it seems that the reserve managers in forex continue to buy currencies such as euro falls. At Sterling was another stellar day, raise it to 1.59, and forced a pair of EUR / GBP 0.87 almost touch. Good data from the CBI has also helped, as well as buying at the end of the month.

Translate this page

Search This Blog