FX & CFD trading involves significant risk
The yen rose against the dollar, retreating with the highest level since March 2011, after Japan's Finance Minister Taro Aso told reporters recently, reducing the rate of the national currency was too fast. He added that the government did not expect a sudden drop in rate to 90 yen per dollar. Note also that the yen is sent to its first weekly gain in two months against the euro after European Central Bank President Mario Draghi signaled yesterday that further reductions in interest rates in the region ostaetsya possible.
The Australian dollar rose for the first time in four days against the dollar after the Chinese government announced that exports grew in 2012 by 25 percent compared to the previous year, while imports increased by 28.8%. Recall that China is the largest trading partner of Australia.
Pound went to his highest weekly gain in the last two against the euro on speculation that the Bank of England will refrain from increasing its sumi incentive program.
Sterling rose against the U.S. dollar as market participants are awaiting data on producer prices and retail sales. Recall also that the future of the Bank of England, Mark Carney said that the current monetary policy may be enough to help the economy, while the European Central Bank President Mario Draghi said that the policy will remain accommodative.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.