Thursday, April 28, 2011

U.S. Dollar at lows after Bernanke speech

The dollar declined against the euro to a minimum of 16 months, as Bernanke said that to determine the time for tighter monetary policy is not yet possible, as well as the program for redemption of bonds will end in June, which increased the demand for higher-yielding currencies.
Euro began trading today with the growth against the dollar, trading between the maximum and minimum of 1.4880 1.4784. Couple faces resistance 1.4900, while the daily Momentum is in the overbought area.
The pound also traded with the increase against the dollar during the Asian session, between the maximum and minimum of 1.6745 1.6642. Couple faces resistance 1.6825, while the daily Momentum points to trade in the overbought area.
The dollar / yen has declined during the Asian session, trading between the maximum and minimum of 82.25 81.60. Day Momentum points to trade in the resale.

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