News von Monday is not an abundance of different events can seriously affect the movement of the main currency pairs. Nevertheless, the key market participants have started the new trading week, taking into account the results of the meeting of finance ministers of twenty biggest economies of the G-20, held in London last Saturday. From the results of the Economic Forum could provide new methods of stimulating the banking sector and a decision on continuing the anti-crisis policy, which indicates that the majority of developed countries have still not emerged from a recession. In addition, on September 7 at the American trading floors trading was suspended at the official weekend. In these circumstances, market participants have decided to hedge and invest their capital in foreign currency-seekers, in particular, the dollar and the yen.
Calmer all the events on Saturday responded to the single European currency: the euro is slowly but surely began to move upward, rising by about 60 points (maximum of the day amounted to 1.4362). Then, moving in a narrow channel, currency eurozone finished day in the area 1.4335. In the middle of the day the Japanese yen could strengthen its position somewhat, pushing the dollar to the minimum of the day 92,80. However, closer to the end of trading Monday, the U.S. currency was able to adjust and finish a few days in the area of 93,00. By the middle of the trading day pound showed a slight increase (up to 1.6441 days), after the same for the British currency has started a black stripe, which eventually marked the day at least 1.6323. He graduated from the night in the pound 1.6350. In the pair with the Swiss franc and the dollar did not allow sharp fluctuations: after a couple of minimum 1.0554 USD /CHF has finished trading Monday, testing a mark 1.0600.
Forecast for September 8, Tuesday
Calendar of events on Tuesday also promises drastic changes in the prevailing balance of power. At the pound against the dollar may affect news output for changes in industrial production and changes in the volume of the processing industry. According to forecasts, the data may show negative dynamics. Thus, the expected range of motion for the pair Pound /dollar will 1,6250-1,6400. Euro /dollar in a quiet movement of U.S. stock indexes will be traded within 1,4300-1,4400. For a pair dollar /yen will be a range of topical 92,70-93,50, and the price of U.S. $ 1 in Swiss francs may vary from 1.0570 to 1.0670.
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