After a sharp flight to safety on Monday, investors quickly regained his position on Tuesday and Wednesday. Strong data on PMI in the service sector and manufacturing both in France and Germany, have exceeded the expectations of the news on housing in the United States and impressive earnings reports from companies such as Intel, IBM and Apple, have helped to overcome fears of a global slowdown. Gold struck a $ 1500 per ounce, European shares lost back on Monday, while bond yields have fallen from the highs in the beginning of the week. In the Forex market the dollar was again last, as so often happens in the days of the demand for risk. Noteworthy was the ability of the euro to rise in the face of continuing threats of restructuring the debts of Greece.
The euro has established itself above 1.44, which is a powerful reversal after falling on Monday, when he was at the time was prodavlen below 1.42. In addition to news about the strength of the economies of Germany and France, strong demand for euros is also ensured support from the Asia and the Middle East. As we have repeatedly seen this year, when the euro starts to suffer for one reason or another, there is a demand from Asia on a desire to diversify their dollar reserves. European politicians are desperate fight for survival of the euro, but even better is obtained in Asia.
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