The US dollar in market Forex can continue growth

The U.S. dollar has returned some of the lost positions. On Friday, U.S. stock indexes began to decline, prompting risky currencies to decline against the U.S. dollar. Presented in this day macroeconomic data from the U.S. and the eurozone virtually no impact on the course of bidding, which is still defined by the attitude of investors towards risk. This morning the market situation has not changed, and the dollar continues to build an advantage. When the pair EUR/USD fell to a mark 1.4250, the pair GBP/USD fell to 1.6200, and the pair USD/CHF rose above the 1.0600 mark. Japanese yen has strengthened considerably against other currencies, responding to the results of parliamentary elections in Japan. The pair USD/JPY has fallen below a mark 93,00, and the pair EUR/JPY came close to a mark of 132.00. Commodity currencies also fell against the U.S. dollar. Thus, the pair AUD/USD was below the 0.8400, the pair NZD/USD went up to 0.6800, and the pair USD/CAD recovered to 1.0950.

During the week expecting a lot of important events, including the ECB meeting and the publication of a report on the labor market in the U.S., which may affect the mood of investors and the position of major currencies. In particular, today the U.S. will be published index of business activity in the manufacturing industry according to the Chicago Association of Managers, and in the euro zone will be provided with a preliminary estimate of consumer price inflation in August. Expected slowdown in the fall of the consumer price index in the euro area, whereas in the U.S. is expected to increase the index of business activity. These data could support the euro and other risky currencies against the dollar, if the forecasts come true. At the same time in case of further falling stock indexes dollar will likely continue to receive support, and data can be ignored by market participants
31.08.2009