The euro exchange rate started to rise from the bottom. After seven months of nonstop decline of the euro / dollar, finally, closed with a surplus in July amid falling concerns about the crisis of European sovereign debt and the extent of its influence on the global recovery.
Pound / Yen begins a new day in trying to continue to decline, but any encounter good demand near Y135.85, a currency strategist at Citigroup recommended to consider the weakening of both the correction promising bulls bright.
The exchange will open with the euro reducing against the pound on Monday. Dollar exchange rate will be stable. The exchange rate euro against dollar and pound will fall – reported Royal Bank of Scotland currency analysts. Single European currency continues to consolidate in a very small volume of trades, and while it stabilized above $ 1.2880 looks constructive for couples and bulls do not lose hope for a retest of levels near $ 1.3025, currency strategist at Royal Bank of Scotland do not share their optimism.
Dollar exchange rate starts to decline. Mizuho believes in the yen. A pair dollar / yen is testing a key area of support near 87.00, and weekly closing below this level, note the currency specialists Mizuho, would be a bearish signal.
RBCCM has forecast 2010-2011 on the currency exchange rate euro. Euro still oscillates between if Offered at $ 1.2565 and bids around $ 1.2520, and at that time as a breakthrough above may be an occasion to enhance customers have received in recent days, some support in the form of a number of positive changes in the technical picture, a currency strategist RBCCM express doubts that further recovery would be significant.
The euro may rise again to 1.25 U.S. dollar, but its subsequent consolidation will be restrained, because the pair are not located in an upward trend, said currency strategist of the Brown Brother Harriman.
Exchange rate euro becomes unpredictable. After contemplating a dizzying dives euros for 4-year lows in the confrontation with the dollar, most observers and participants in the foreign exchange market are set not a rhetorical question, what can be further trajectory of the single European currency. A couple of weeks ago in his review, I pointed out the fundamental level of $ 1.20, significantly below which the euro will not fall now.
Exchange Rate dollar investors worried about more than the euro. Faith in the dollar growth prevails among investors in 2010. While the results of recent auctions of dollar repo demonstrated a relatively low demand, giving rise to some columnists talk about what the situation is not as bad as it was in 2008, reports from Europe suggest there are reasons for concern regarding the situation in the banking sector.
According to the chairman of the Central Bank Jean-Claude Trichet, euro is not in danger and he remains a reliable currency. In an interview with German newspaper Frankfurter Allgemeine Zeitung Trichet also said that the changes in the currency market are due to shifts in investor sentiment and under the influence of speculators, which include hedge funds.