Friday, May 6, 2011

Euro gained ground on Thursday handed over part of the position

Course range change:
U.S. Dollar / Japanese Yen 80.45-50 80.60-80.21 +0.37%
EUR / USD 1.4544-47 +0.04% 1.4587-1.4531
Australian dollar / US dollar 1.0691-94 1.0733-1.0579 +1.09%
British pound / dollar 1.6433-1.6378 1.6386-89 -0.02%
Dollar / Swiss Franc 0.8706-11 0.8712-0.8677 +0.08%
/ Quotations are given at 04.50 am GMT /
May 6. Euro gained ground on Thursday handed over part of the position against the backdrop of an uncertain situation with regard to risk tolerance.
After the European Central Bank / ECB / Bank of England, and on Thursday kept intact the key interest rate, ECB president Jean-Claude Trichet did not give a clear signal that may occur when the next interest rate rise.
According to Trichet, the ECB has no decisions had "not determined in advance."
"The dollar is still in a downtrend. The Fed still wants to remain a central bank, which next year will likely spend most loose monetary policy, except / the Bank of Japan '," - says Mark McCormack, a strategist at Brown Brothers Harriman.
Pound, which is now trading in different directions, waiting out the following data, when at 08.30 GMT will be published by the UK producer prices in April. Given that the Bank of England left interest rates unchanged, investors can play on the difference between the interest rates, especially if data on the U.S. labor market will again be weak.
In the Reserve Bank of Australia expects that a further tightening of monetary policy will need to keep inflation at target level, which would push the Australian dollar to rise.

Search This Blog