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30.12.2011 09:52

Asian session: The euro weakened

The euro had a slight pressure from the sales after the Italian government on Thursday held a non-shiny auction of government bonds. The euro / dollar was trading at 1.2942 against 1.2960. Since no major news or economic indicators are not expected, the trade factors are likely to be limited by the dynamics of the courses. Conflicting results from the debt auction held by Italy on Thursday, led to a drop in euro to a 15-month low against the dollar, but then regained currency when favorable U.S. data has resulted in increasing investors' risk appetite. Not impressive demand for the debt of Italy renewed fears that the eurozone sovereign debt problems are exacerbated, and this has prompted investors to abandon the euro. In conditions of low liquidity, which exaggerate the fluctuations, the European single currency reached a low 1.2858 dollars - the lowest level since September 2010.

In the Asian session, the dollar / yen fell to a minimum 77.51, its lowest level since December 9, against 77.62 on Thursday evening in New York. The influence of small dollar sell orders from Japanese exporters were more exaggerated extremely low volumes of trading at the end of the year. Later on Friday, the Ministry of Finance of Japan will release data on interventions in December. Most traders expect Tokyo zero values.

Exporters also pushed the euro down against the yen. As at 04.50 GMT it was trading at 100.32 yen against 100.70 in New York. As many members the Tokyo market, investors, especially in Europe, will try again to push the euro below the psychologically important level of 100.00 yen. On Thursday, the attempt failed, and the euro recovered, briefly falling to 100.05 yen. Traders said the euro marks the achievement of 100.00 yen could trigger a large number of option contracts. This means that the flows of funds from both the buyers and sellers of these contracts will intensify with the approach of the pair to that point.

In addition, the dollar fell to a record low against the RMB 6.3070. The market reacted to the establishment of a Friday the central parity for the Dollar / Yuan at its lowest ever minimum - 6.3009. Market participants expect an increase next week fixing up the range 6.3070 - 6.3130 in the near future.

EUR/USD: on Asian session the pair fell.

GBP/USD: on Asian session the pair traded in range $1.5415-$1.5420.

USD/JPY: on Asian session the pair fell.

30.12.2011 09:21

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