Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
Dollar exchange rate remains in the green zone against weakening euro. Pound does not lose hope and opposes the dollar more than confident. Analysts and foreign exchange experts see prospect of the pound’s further recovery.
Euro / Pound made its’ way above the mark stg0.8340 and as a result of the execution stops continued growth to stg0.8342. Rising dynamics of couples have a negative effect on the pound / dollar, which fell below $ 1.5800.
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 dollar exchange rate pound presses. Pound / dollar again demonstrates the positive trend, rising to $ 1.5640 area, which may result in re-testing of previously installed a high of $ 1.5655.
Currency exchange rate is at flat today. Exchange rate euro fell slightly against the dollar. Euro / pound spent the first half today in a very narrow range, and while the execution stops above stg0.8345 violated the sluggish progress of tenders, jerk above proved to be short-lived, confirming the continuing healthy interest in trying to sell growth.
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.
Pound / dollar has sought a foothold in the field of 1.5400 against the backdrop of positive economic data. Support will now be provided at the level of 1.5350.
UBS notes, that the pound will continue to rise against the dollar today. Pound / dollar rate rose 50 basis points from 1.5343 marks after stronger GDP data for the second quarter than expected. As a result of significant sales, which began with the growth of couples to new highs, the pound / dollar rolled back to 1.5375.
The pound exchange rate increases today. Pound / dollar continues to consolidate into a shrinking range, steady yesterday in early European session, and is currently trading near $ 1.5275, feeling the pressure if Offered at $ 1.5280/85, while the support it has received bids of $ 1.5255/50.