Ukrainian Globalist

Dow Jones Industrial Average fell victim to a combination of circumstances today. Fears about the pace of global growth hit financial markets hard Tuesday, with stocks sliding and investors stampeding into the safety of the dollar and U.S. government bonds. Concerns about euro zone sovereign debt were once again partly driving the weaker sentiment, as the European Central Bank scrambled to reassure markets that Thursday’s expiration of a EUR442 billion bank-lending program won’t destabilize the financial system.

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As noted by the currency analysts Barclays Capital, the deterioration of risk sentiment, fixing the profit in the crosses and lower yields on U.S. government bonds have had a significant adverse effect on the pair dollar / yen. According to the bank’s strategy, while dollar / yen is below the level of 90.50, falling within the range of risks, limited levels of 93.00 and 88.10, will increase.

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Euro and the pound rose on the European trading session on Friday, despite concerns about the level of debt in European countries. The single currency reached a mark of 1.2395 against the dollar compared with 1.2388 at the close on Thursday. Pound strengthened to 1.4872 to 1.4825. “The week opened with the failure of news from Europe, but then Spain has pleased the successful auction of bonds, which helped to improve the situation”, – analysts said Barclays Capital.

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The exchange rate euro is rising against the background of a general positive. Single European currency today demonstrated a continued recovery, and it now holds around $ 1.2341, while continuing to test Ofer about $ 1.2350 (see the trace of the foot). In the short term, they may limit growth of the pair, but in general the risks of correction yet saved, and to break above will open road to further recovery to $ 1.2370/80 and $ 1.2400.

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Exchange rate euro goes down. Euro could fall sharply against the U.S. dollar and achieve a level of 1.2050 against the backdrop of continuing uncertainty regarding the debt problems of euro-zone, if it punched a 4-year minimum, reached on May 19, – said analysts of the Barclays Capital.

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Exchange rate euro is rising, but there is no hope for stability. Euro selling and little buying. Retail sales of the European currency is much higher than wholesale. Due to the fact that investors now see that the scale of the debt problems of the euro zone much more than they thought at first, still no reason for active buying euros, experts say.

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