Dynamics
dollar rose again. This pair of EUR /USD fell to 1.3930 mark, a pair GBP /USD fell to 1.6330, and the pair USD /CHF rose to 1.0900 mark. Japanese yen also strengthened against other major currencies. This pair USD /JPY fell below 96.00, a pair of EUR /JPY reached the area of 133.50. Commodity currencies fell against the dollar in the overall dynamics. Thus, the pair AUD /USD fell to 0.7900, pair NZD /USD was at 0.6260 marks, a couple of USD /CAD has fallen to 1.1640.
Causes
Growth dollar strengthened after a weak report released by the number of jobs outside of agriculture United States for the month of June has forced market participants to close risky positions before the long weekend in the United States associated with the celebration of Independence Day. In addition to support for the U.S. dollar and Japanese yen, which has also sharply increased. Yen has won more than the dollar against the backdrop of reducing the propensity of investors to risk and fall of stock indices. The outcome of the meeting the ECB had no surprises, leaving the euro traded as part of the overall dynamics of the dollar against the United States.
What to expect?
However, despite considerable growth, the dollar and the yen have not been able to get out of ranges against the major currencies. This is due to the fact that markets are still suffering because of the lack of overall direction of trades and the shortage of liquidity that is typical for the summer. But you can still expect the dollar will continue to receive support from the bad economic news, as investors continue to invest in U.S. treasury bonds, while the market remains uncertain. At the same time, the situation could change if new conclusive signs of economic recovery.
Today, the U.S. markets are closed, leaving the already small amount of trades will rapidly decrease towards the end of the day. Against this background, high risks of occurrence of bursts of volatility, particularly after the planned in the euro and British publications these indexes of supply managers in the service sector PMI, as well as data on retail sales in the euro zone. It is likely that good performance will help to restore some European currencies lost ground against the U.S. dollar.
What is fear?
The situation around the U.S. dollar has not changed and remains uncertain, while high volatility remains a major risk.
It is possible that there will be a new wave of reduction of the RTS index to the level of 830 points
The Russian stock market is expected to decline in the entire spectrum of the most liquid securities
Wimm-Bill-Dann will pay dividends for 2008 of $ 2974.80 rubles per share
Revenues for 2008 CSW was 23.6 billion rubles
LUKOIL-Volgogradenergo began operating in the Volgograd region
It is time to relax
On Friday, futures on U.S. indices show significant growth
People and companies
From 26 June to 3 July on the secondary market prices of real estate of Kiev for one-room apartments fell by 1,1%