Some factors have united for dollar strengthening. First, there is an element of influence of an old proverb «buy hearings, sell the facts», in our case we sell expectations further QE and we fix profit when all it proves to be true (so the market interpreted Bernanke). Whether It is necessary to sell for one more movement in the nearest two weeks? Likely, no, set шортов on dollar have been withdrawn. Yesterday China has continued to take small steps towards toughening of a policy which will march in step with the further growth of yuan, subjecting to pressure dollar. Statements of Gejtnera on Tuesday have confirmed about support of strong currency, having cleaned devaluation assumptions. As a result, we have a sharp day growth of an index of dollar for last 10 weeks.
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