Variable due to a lot of news, the dollar down over the past few days on Tuesdays and Wednesday in a narrow range of fluctuation, a slight rate increase. As of 16:30 Wednesday, the dollar index at 78.96 suspense, up 0.09 percent. Significantly stronger yen, up 0.48 percent Tuesday, up 0.44 percent Wednesday to 93.33 pairs of 1 U.S. dollars, and the remaining non-US dollar currency fluctuations in a narrow range. CIT variable renewable bankruptcy, triggering hedge certain emotions, speech, Bernanke was not clear, it also led to uneasiness in the market. U.S. support is still expected to double bottom, or can generate a rebound shortly after, the operation may be appropriate to intervene.
News unpredictable
There are centuries-old financial holding company reported last week, the potential bankruptcy of CIT news earlier this week because of an agreement by creditors to reduce the threat of bankruptcy, but once again Tuesday and Wednesday the market worried about its bankruptcy, news of such a volatile, which makes U.S. unilateral down is very difficult to face just before the low-dollar support, temporary short-term to stabilize it.
Tuesday Federal Reserve Chairman Ben Bernanke’s congressional testimony in tone than the uncertainty, he said that signs of the economy to have stabilized, but the central bank will continue to maintain a high degree of loose monetary policy for some time, the high unemployment rate in order to prevent damage and economic recovery. It is clear that Bernanke is not on how to withdraw from the quantitative easing policy more explicit hints given.
In fact, the investors are worried about inflation, Bernanke is not to be comforted, but the package is not very comforting to lack of effort, he said: “I believe the Federal Reserve be able to withdraw at the right time to stimulate unconventional measures.” These words There is no description of specific measures, so it is empty, and did not say the same.
All in all, Bernanke is full of cautious tone, which makes investors a little degree of suspicion to enhance recovery, and that risk-loving to be suppressed emotion, and indirectly enhance the U.S. dollar and the yen a little buying. In the Bernanke speech, U.S. stocks fell but did not last long, city re-up, careful investors Bernanke do not think I would like to especially pessimistic tone, at best, can only be considered “fuzzy.”
Keep the fundamentals about the euro
Eurozone data released Wednesday afternoon in positive U.S. data showed the euro zone industrial new orders in May by 0.2 percent than the Central, which will increase the forecast of 1.9 percent surprised many market participants. The numerical value for the same period last year by 30.1 percent, also worse than the forecast by 27.9%. It is clear that the economic situation in the euro area may not as optimistic about the United States, almost two weeks九成a result of the recent U.S. economic indicators over far better than expected.
In addition to indicators of Wednesday, this two weeks as the euro-zone data also showed that the United States, for example, announced last week the euro zone CPI in line with the forecast in June, but the United States released almost simultaneously PPI and CPI were higher than expected. Also, last week announced the euro area in July ZEW indicator of economic sentiment is far worse than expected, suggesting that the road to economic recovery very difficult.
A long time, analysts say there is a, that is, the United States earlier in the current round of crisis recovery in the euro zone, and then the United States will take the lead in raising interest rates, the euro-zone recovery will be more later. This is not universally accepted, but some people are skeptical, and the foreign exchange market is the Pupil of the pump, a slight differentiation of strength, the trend may be very different, and then send a follow-up lead to technology and to further the formation of Matthew effect.
Canadian dollar short-term or drop
Pre-strong Canadian dollar, Australian dollar and even less than, but摸高Tuesday drop down Wednesday, the current one U.S. dollars at 1.1088 pairs. Tuesday after the Bank of Canada interest rate announcement that interest rates unchanged at 0.25 percent, the interest rate and the United States, almost. After the Bank of Canada statement said that the economic outlook to improve, but the strong Canadian dollar makes the slow economic recovery. Analysts believe that Canada is not too happy to see the Canadian dollar.
The performance of the Canadian dollar and oil prices are closely related and the trend in commodity prices in the near future it is weak, which highlights the anti-Canadian dollar likely to rise over the recent, more likely future trend is to adjust, repair indicators overbought. Oil export revenues accounted for more than half of Canada, so the importance of the movements of oil prices. In addition, the economic situation in Canada, the United States of Hope is also sensitive to the currency higher than other commodities, which is related to geographical location.
The Bank of Canada interest rate, then after the meeting to allow some long worried that the Canadian dollar, which is its most obvious and implies that the tendency of the quantitative easing policy, the words were said, “under the low interest rates in the implementation of monetary policy remains relatively high flexibility. ” Some analysts believe that this is not what a few analysts think this is to imply that there is a need in the future will be possible to implement the quantitative easing monetary policy.
Quantitative easing policy of the market there will always be concerned about emotions and behavior because of the suspicion against the dollar, unless investors believe that this behavior can really quickly out of the future.
News unpredictable
There are centuries-old financial holding company reported last week, the potential bankruptcy of CIT news earlier this week because of an agreement by creditors to reduce the threat of bankruptcy, but once again Tuesday and Wednesday the market worried about its bankruptcy, news of such a volatile, which makes U.S. unilateral down is very difficult to face just before the low-dollar support, temporary short-term to stabilize it.
Tuesday Federal Reserve Chairman Ben Bernanke’s congressional testimony in tone than the uncertainty, he said that signs of the economy to have stabilized, but the central bank will continue to maintain a high degree of loose monetary policy for some time, the high unemployment rate in order to prevent damage and economic recovery. It is clear that Bernanke is not on how to withdraw from the quantitative easing policy more explicit hints given.
In fact, the investors are worried about inflation, Bernanke is not to be comforted, but the package is not very comforting to lack of effort, he said: “I believe the Federal Reserve be able to withdraw at the right time to stimulate unconventional measures.” These words There is no description of specific measures, so it is empty, and did not say the same.
All in all, Bernanke is full of cautious tone, which makes investors a little degree of suspicion to enhance recovery, and that risk-loving to be suppressed emotion, and indirectly enhance the U.S. dollar and the yen a little buying. In the Bernanke speech, U.S. stocks fell but did not last long, city re-up, careful investors Bernanke do not think I would like to especially pessimistic tone, at best, can only be considered “fuzzy.”
Keep the fundamentals about the euro
Eurozone data released Wednesday afternoon in positive U.S. data showed the euro zone industrial new orders in May by 0.2 percent than the Central, which will increase the forecast of 1.9 percent surprised many market participants. The numerical value for the same period last year by 30.1 percent, also worse than the forecast by 27.9%. It is clear that the economic situation in the euro area may not as optimistic about the United States, almost two weeks九成a result of the recent U.S. economic indicators over far better than expected.
In addition to indicators of Wednesday, this two weeks as the euro-zone data also showed that the United States, for example, announced last week the euro zone CPI in line with the forecast in June, but the United States released almost simultaneously PPI and CPI were higher than expected. Also, last week announced the euro area in July ZEW indicator of economic sentiment is far worse than expected, suggesting that the road to economic recovery very difficult.
A long time, analysts say there is a, that is, the United States earlier in the current round of crisis recovery in the euro zone, and then the United States will take the lead in raising interest rates, the euro-zone recovery will be more later. This is not universally accepted, but some people are skeptical, and the foreign exchange market is the Pupil of the pump, a slight differentiation of strength, the trend may be very different, and then send a follow-up lead to technology and to further the formation of Matthew effect.
Canadian dollar short-term or drop
Pre-strong Canadian dollar, Australian dollar and even less than, but摸高Tuesday drop down Wednesday, the current one U.S. dollars at 1.1088 pairs. Tuesday after the Bank of Canada interest rate announcement that interest rates unchanged at 0.25 percent, the interest rate and the United States, almost. After the Bank of Canada statement said that the economic outlook to improve, but the strong Canadian dollar makes the slow economic recovery. Analysts believe that Canada is not too happy to see the Canadian dollar.
The performance of the Canadian dollar and oil prices are closely related and the trend in commodity prices in the near future it is weak, which highlights the anti-Canadian dollar likely to rise over the recent, more likely future trend is to adjust, repair indicators overbought. Oil export revenues accounted for more than half of Canada, so the importance of the movements of oil prices. In addition, the economic situation in Canada, the United States of Hope is also sensitive to the currency higher than other commodities, which is related to geographical location.
The Bank of Canada interest rate, then after the meeting to allow some long worried that the Canadian dollar, which is its most obvious and implies that the tendency of the quantitative easing policy, the words were said, “under the low interest rates in the implementation of monetary policy remains relatively high flexibility. ” Some analysts believe that this is not what a few analysts think this is to imply that there is a need in the future will be possible to implement the quantitative easing monetary policy.
Quantitative easing policy of the market there will always be concerned about emotions and behavior because of the suspicion against the dollar, unless investors believe that this behavior can really quickly out of the future.
