Wednesday, October 20, 2010

EUR: the Euro holds positions against the basic currencies


The dollar beat off during last sessions, especially on Tuesday when there was a strong rate of increase for last 10 weeks. Statements ФРС in last 24 hours have strengthened in opinion on coming nearer quantitative softening. The euro have factors supporting it which consist in differential of interest rates where rates continue to move to advantage of euro. During the period before session ФРС steady growth from above 1.40 seems inconvenient, but in other euro will hold positions against the majority of the basic currencies.

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