Monday, April 11, 2011

As far as the current high level of the euro is sustainable?

If we go back three months, when the euro fell below 1.30 against the dollar and looked decidedly vulnerable, then, very few believed that he could return to 1.45 after only three months. And here we are. Indeed, along with the Scandinavian bloc, the euro is among the most high-rate early this year, it grew by 8% against the dollar and about 13% against the yen. Simply put, the best performance in those currencies where the central banks raise rates, but those who are far from the growth rates (Japan, USA etc.) have suffered from this. An interesting fact is that most commentators thought that the single currency would halt in 2011 due to debt crisis. Nevertheless, the euro looks overbought from a technical perspective, but traders are prone to long positions. Another interesting observation on the Forex is that such a scold the British pound on the fact bypassed other pets currency market (Suisse, Aussie). The pound rose against the dollar by 5% this year.


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