Dynamics
U.S. dollar continued to strengthen. When the pair EUR /USD again fell below the 1.4000, the pair GBP /USD, however, remains in the same range above 1.6100, and the pair USD /CHF held above the 1.0500 mark. Japanese yen also strengthened slightly against other currencies. When the pair USD /JPY back below the 90.00, and the pair EUR /JPY fell to 125.00. Commodity currencies fell against the U.S. dollar. Thus, the pair AUD /USD came to the area of 0.8900 marks, a pair NZD /USD fell to 0.700, and the pair USD /CAD again rose to 1.0700.

Causes
The main driver of trades is the reluctance of investors to risk associated primarily with concerns that the problems with public debt of Greece and other countries affected by the euro zone. Experts note that a similar situation, which turned out to Greece, may also occur in Portugal, Ireland and Spain, and these problems are unlikely to be resolved in the short term. This has a significant downward pressure on the euro, on which primarily benefit the U.S. dollar and Japanese yen, which are purchased as an asset-seekers. Other sensitive to currency risk are also under pressure.

The market has ignored published on the eve of the data. In particular, favorable indices of economic sentiment in the euro area have not helped the single currency to grow, whereas the weak data on orders for durable goods in the United States did not have pressure on the dollar.

What to expect?
Today, the main focus of attention of investors will focus on a series of macroeconomic data published in the United States. The main issue here will be preliminary data for GDP in the IV quarter. If the figures will justify an optimistic outlook and are better, the growth dynamics of the dollar is likely to accelerate. Otherwise do not exclude a correction in the positions of the U.S. currency. In addition to data on GDP in the United States will be published indexes of business activity in the manufacturing industry of Chicago, as well as the final index of consumer confidence, Michigan Univ. Both are also likely to have little impact on the dollar.

In the euro zone today will present the latest data on unemployment, as well as preliminary data on consumer price inflation in January. Nevc4aertheless, it is unlikely they will have a significant impact on the single currency.

Why worry?
On the background of published data can not be ruled a sharp increase in volatility and multidirectional movement of the main currency pairs involving the U.S. dollar.

The dynamics of today”s trading on the market of Russia will be determined by changes in the “risk appetite” of Western investors
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