Euro showed continuous growth, while greenback dropped.
Asian and European trading sessions:
Euro: Euro managed to grow against the US dollar on Thursday and kept its reached positions. The head of the ECB, Jean-Claude Trichet, supported the euro by his statement, that the ECB is watching the inflations closely, which reinforced the speculations that the interest rates could be increased.
In the morning the euro was supported by the possibility that China was going to increase its volume of purchases of European countries’ bonds. Therefore, the positive expectations for the rehabilitation of the Euro-zone budget crises increased.
The EUR/USD pair reached maximums of $1.4190 mark.
British Pound: The GBP/USD consolidated at the level of $1.6300 level. Maximums were reached at the $1.6330 mark.
Japanese Yen: The JPY/USD showed minimums at the Y81.70 level and then returned to the Y82.00 mark.
Australian Dollar: The Australian dollar rate strengthened against its competitors after the release of the Private capital expenditures in the first quarter in Australia. This indicator grew for 3.4% against the expected increase for 2.7%.
Oil: Oil prices increased and traded at the level of $100.98 mark per barrel.
Gold: Gold traded around the $1,524 mark per ounce.
American trading session:
US Dollar: Greenback decreased against the yen and the Swiss frank after the release of the weak US fundamentals. The Annualized GDP dropped below expectations and the Initial jobless claims grew above forecasts.
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: Euro managed to grow against the US dollar on Thursday and kept its reached positions. The head of the ECB, Jean-Claude Trichet, supported the euro by his statement, that the ECB is watching the inflations closely, which reinforced the speculations that the interest rates could be increased.
In the morning the euro was supported by the possibility that China was going to increase its volume of purchases of European countries’ bonds. Therefore, the positive expectations for the rehabilitation of the Euro-zone budget crises increased.
The EUR/USD pair reached maximums of $1.4190 mark.
British Pound: The GBP/USD consolidated at the level of $1.6300 level. Maximums were reached at the $1.6330 mark.
Japanese Yen: The JPY/USD showed minimums at the Y81.70 level and then returned to the Y82.00 mark.
Australian Dollar: The Australian dollar rate strengthened against its competitors after the release of the Private capital expenditures in the first quarter in Australia. This indicator grew for 3.4% against the expected increase for 2.7%.
Oil: Oil prices increased and traded at the level of $100.98 mark per barrel.
Gold: Gold traded around the $1,524 mark per ounce.
American trading session:
US Dollar: Greenback decreased against the yen and the Swiss frank after the release of the weak US fundamentals. The Annualized GDP dropped below expectations and the Initial jobless claims grew above forecasts.
https://forex-metal.com/news_posts