The dollar continued to rise to nearly 81 levels dropped slightly after, currently hovering at around 80.50.
Debt crisis in Europe or further escalation
On Friday, Moody’s credit rating from Aa2 Ireland cut five notches to Baa1, warning that if the Irish can not be stable in the foreseeable future, the debt situation will be further downgrades, making the debt crisis escalated once again in Europe, to promote the dollar’s safe-haven buying, the dollar rally early this week to maintain.
Since then, Moody’s warned of lower ratings of Portugal, while Fitch Ratings cut Greece is also likely to make investors worry that the more heavily indebted euro zone encountered down the ratings, prompting traders holdings of euro by year-end. The euro against the Swiss franc hit in 6 consecutive record low, this year has been accumulated since tumbled 16%, Portugal, Spain and Greece, the problem of proliferation of the debt crisis of the hedge position of the Swiss franc strengthened.
Near the week, the U.S. announced in November existing home sales rose, while the country’s third quarter GDP growth in the value chain final annual rate of 2.6%, slightly higher than led wall recessed light manufacturers the initial growth of 2.5%, towards the end of the U.S. economy become more stable occasion building, which is the predicament of the debt problems of the euro area deep contrast, and to maintain a strong U.S. dollar short-term basis.
Looking ahead, expect the overall risk of the euro against the dollar is still biased towards the downside, short target at 1.2960 low trend line.
Fragile economic recovery in the UK
European currency, the pound fell against the dollar to 3 months of inertia low. Earlier, the Bank of England’s semi-annual financial stability report, the UK financial system may be subject to creditors the right to the debt crisis intensified in Europe, emerging markets, asset bubbles and the multiple impact of junk bonds, making the pound began to indulge in the overall popular short side.
Since then, the United Kingdom announced the public borrowing at a record high, making investors doubt whether the British Government to achieve deficit reduction targets. The British economic growth data was revised down, you remind investors still fragile economic recovery in the UK, the common drag down the breakdown of 1.55 against the dollar, pound mark an important support, opening further down the space, short-term downside target point to 1.5325 line.
Reverse the decline in Canadian dollar
Commodity currencies, the Australian dollar are commodity prices rising once again stand on the support of parity mark, Commodity Research Bureau index rose to a two-year high, while another record high copper prices, and effectively promote stronger Australian dollar.
In addition, the expected global growth in 2011 and U.S. economic data raised bright, all the investors risk appetite improved, and further boost the Australian dollar. From now, the Australian dollar if the level of success Shouwen 1, short-term challenges of the year is expected to line the high point of 1.0180.
The Canadian dollar fell in after 4 consecutive days slightly stabilizing. Canada’s inflation slowed, the market expected the Bank of Canada likely to keep interest rates unchanged in the long period of time, the Canadian dollar was pushed lower.
Statistics Canada said on Tuesday that annual inflation in Canada in November from a two-year high last month, down. However, in terms of the Bank of Canada may be good news, the bank had been hoping to regain momentum in the economic recovery will keep interest rates low before. After entering the weekend, oil prices hit two-year high, risk appetite continues to heat up driving the Canadian dollar against the U.S. dollar reversed earlier declines. And on the whole, the U.S. dollar against the Canadian dollar is expected to maintain the wide future shocks, trading range is located within the level of 1 to 1.03.
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Debt crisis in Europe or further escalation
On Friday, Moody’s credit rating from Aa2 Ireland cut five notches to Baa1, warning that if the Irish can not be stable in the foreseeable future, the debt situation will be further downgrades, making the debt crisis escalated once again in Europe, to promote the dollar’s safe-haven buying, the dollar rally early this week to maintain.
Since then, Moody’s warned of lower ratings of Portugal, while Fitch Ratings cut Greece is also likely to make investors worry that the more heavily indebted euro zone encountered down the ratings, prompting traders holdings of euro by year-end. The euro against the Swiss franc hit in 6 consecutive record low, this year has been accumulated since tumbled 16%, Portugal, Spain and Greece, the problem of proliferation of the debt crisis of the hedge position of the Swiss franc strengthened.
Near the week, the U.S. announced in November existing home sales rose, while the country’s third quarter GDP growth in the value chain final annual rate of 2.6%, slightly higher than led wall recessed light manufacturers the initial growth of 2.5%, towards the end of the U.S. economy become more stable occasion building, which is the predicament of the debt problems of the euro area deep contrast, and to maintain a strong U.S. dollar short-term basis.
Looking ahead, expect the overall risk of the euro against the dollar is still biased towards the downside, short target at 1.2960 low trend line.
Fragile economic recovery in the UK
European currency, the pound fell against the dollar to 3 months of inertia low. Earlier, the Bank of England’s semi-annual financial stability report, the UK financial system may be subject to creditors the right to the debt crisis intensified in Europe, emerging markets, asset bubbles and the multiple impact of junk bonds, making the pound began to indulge in the overall popular short side.
Since then, the United Kingdom announced the public borrowing at a record high, making investors doubt whether the British Government to achieve deficit reduction targets. The British economic growth data was revised down, you remind investors still fragile economic recovery in the UK, the common drag down the breakdown of 1.55 against the dollar, pound mark an important support, opening further down the space, short-term downside target point to 1.5325 line.
Reverse the decline in Canadian dollar
Commodity currencies, the Australian dollar are commodity prices rising once again stand on the support of parity mark, Commodity Research Bureau index rose to a two-year high, while another record high copper prices, and effectively promote stronger Australian dollar.
In addition, the expected global growth in 2011 and U.S. economic data raised bright, all the investors risk appetite improved, and further boost the Australian dollar. From now, the Australian dollar if the level of success Shouwen 1, short-term challenges of the year is expected to line the high point of 1.0180.
The Canadian dollar fell in after 4 consecutive days slightly stabilizing. Canada’s inflation slowed, the market expected the Bank of Canada likely to keep interest rates unchanged in the long period of time, the Canadian dollar was pushed lower.
Statistics Canada said on Tuesday that annual inflation in Canada in November from a two-year high last month, down. However, in terms of the Bank of Canada may be good news, the bank had been hoping to regain momentum in the economic recovery will keep interest rates low before. After entering the weekend, oil prices hit two-year high, risk appetite continues to heat up driving the Canadian dollar against the U.S. dollar reversed earlier declines. And on the whole, the U.S. dollar against the Canadian dollar is expected to maintain the wide future shocks, trading range is located within the level of 1 to 1.03.
led wall recessed light manufacturers on http://www.yyamber.com/product/wall-recessed-light/
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