On Wednesday, the U.S. currency was also able to improve their position relative to the euro

On Wednesday, the U.S. currency was also able to improve their position relative to the euro, the franc and even the Japanese yen. European competitors, and so had been under pressure since the beginning of the week, but the main dash upstairs to weeks of new highs, the dollar helped to make publication of the American news.

For example, the decline in sales of housing in the primary market was a record high, and the dollar after the release of interested investors as the currency of refuge. Interest rates are the same, as predicted, were left unchanged, but the general tone of the Fed statement was positive for the USD despite1000the recent release of disappointing economic data - the Fed expressed its intention to adopt a policy of low interest rates for “extended” period of time. Thus, the euro for the first time since July last year, went below 1.4000, the dollar /franc showed a maximum, which is not reached in September, - 1.0524. A pair USD /JPY, which began day above 89.50 and who tried for a while to fall even lower after the release went upstairs and had almost closed above the level of 90 yen per dollar.

If it were not for the handicap, received the British pound during the active trading in Europe, GBP has also completed a day lower, but the words of the representative of the Bank of England that “the economy of the country, perhaps, grew more than the estimates published in the week” led to otboyu pair GBP /USD from 1.6100, and attempt to rise up to 1.6250. However, these speculative British mantras was not destined to operate for a long time: the emergence of markets rational American members of a pound, as other currencies with relatively high base rate began a gradual downward movement and do not deviate from the path chosen before the closing day.

However, the closing took place about a pound to a quarter higher than the daily opening, while the euro on the basis of the day lost about 70 cents, and the pair USD /JPY and USD /CHF rose to somewhere in the 40 points, and having failed, however, to close at the highs reached.

Forecast for Thursday, January 28, 2010

On Thursday the situation in the euro area remains tense: predictive value of unemployment in Germany is 8.2%, and if this figure is officially confirmed, the euro may already during the European session the U.S. dollar sink to the level of 1.3950.

from publications on the U.S. note yield index of economic activity from the Fed, Chicago and the data on the volume of orders for durable goods. At the level of the yen could affect the data on Japan: the unemployment rate and change in industrial production.

In the case of confirmation of positive projections on orders of durable goods restore confidence of traders can return the euro at 1.4100 level. To pound, support will be at the level of 1.6080, 1.6250 resistance level will be, Frank tries to entrench 1.0450. Pair USD /JPY will continue to bargain in the range of 89.00-90.50, tending towards the strengthening of the yen.

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