Financial News and Economical Crisis

Dynamics

dollar again fell slightly. This pair of EUR /USD rose above 1.4100 marks, a pair GBP /USD also increased, breaking the 1.6600 mark, and the pair USD /CHF is kept around 1.0800 marks. Japanese yen also lost some positions. This pair USD /JPY rose above 96.00, a pair of EUR /JPY reached a mark of 136.00. Commodity currencies have demonstrated positive momentum against the U.S. dollar. Thus, the pair AUD /USD has exceeded 0.8100, pair NZD /USD was higher than 0.6500, and the pair USD /CAD traded at 1.1500 to the approach.

Causes

reduce the U.S. dollar contributed to an increase in the stock pads and energy prices. Against this backdrop, market participants prefer to buy more risky currencies, but in general the volume of trades was fairly low, high intraday volatility, a decline in the dollar was not significant.

euro gained additional support from the data showed that business confidence and consumers in the euro zone rose in June, the third month in succession.

What to expect?

Prospects for the dollar has not yet been clarified, but is gradually gaining momentum downward trend. There is a possibility that consolidation in the commodity and stock markets once again give way to growth, and is against this background that riskier currencies will benefit from the dollar. Still, market participants will closely monitor coming this week of data to assess the prospects for recovery of U.S. economy and other regions.

expected today, the indicators of interest will provide definitive data on the GDP of Great Britain in I quarter, as well as U.S. consumer confidence index. As expected, the data for the UK GDP will be revised down, which could negatively affect the positions of the pound. At the same time, the favorable data from the United States can exert pressure on the dollar, so will improve the mood of investors and their propensity to take risks.

What is fear?

There remains the situation around the U.S. dollar remains uncertain, however, risks reducing the increase. Nevertheless, the main risk remains relatively high volatility.

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