A single European currency on Tuesday updated the regular maximum of the current year.Continued high interest earning assets continues to have a negative impact on the dollar, used as a borrowing currency transactions carry trade.
were unable to break the uptrend in the euro even disappointing data from the German institute ZEW, according to which the index of economic sentiment dropped in October compared with September's value of 1.7 points to 56.
managed to recover some positions yesterday and the British pound. The representative of the Bank of England said on Tuesday that, to preserve price stability regulator would be forced at some stage to turn the current measures of the emission of stimulation. However in September the annual inflation in Britain was at its lowest level since 2002, accounting for 1,1%.
In tandem with the Japanese currency the dollar again fell below the 90 yen. This morning, following his meeting the Bank of Japan left a key rate on unsecured overnight loans at 0.1%. However contrary to many forecasts in the final statement of the regulator did not hear the details regarding the completion of the redemption of corporate bonds. Analysts speculated that against the background of improving the situation with the Central Bank lending could turn the program before officially scheduled date (December 31. 2009). Caution Bank of Japan on this issue speaks to the continued uncertainty about the monetary authorities regarding the future prospects of the economy.
Today is rich in macroeconomic statistics. Thus, in the United Kingdom on Wednesday are data on unemployment (12:30 Moscow time.). The agency Eurostat will publish the figures on industrial production in a monetary union in August (12:30 Moscow time.), And in the United States disclose information about retail sales in September (16:30 Moscow time.). In addition, by the end of the North American session will be published the minutes of the last Fed meeting (22:00 Moscow time.)
In general, trades on the euro is to be held, according to our forecasts, in the range 1,4760-1,4980 dollar.
After midday the market in Russia can be expected to stabilize the dynamics at the levels achieved
Today the bulls will try to revive the market to the level of 1370 to the MICEX Index
Ministry of Energy: Implementation of all activities in preparation for winter, Siberia UES is in accordance with the plans
Treasury may prohibit the tax authorities to refuse to refund VAT for minor errors in the invoices
Prices for industrial metals in London, moved in the negative zone
Review of the FOREX market for 13.10.09
In the U.S. tomorrow ends the action of the tax amnesty program for citizens, harboring their funds in foreign offshore
Kommersant : state guarantees to attract loans may get cheaper
Nemyrya: EU support Ukraine in this year may reach 200-600 million euros