Development of main currencies

Inviato il 17 November 2010 da Rod

The euro is linked to growing concerns about the budget problems of many European states and is target to continuous pressure. The currency pair EUR / USD fell to 1.3850. In the coming days and in the coming hours we must be careful; for those wishing to invest in the market, the trend of this currency pair may go in favor of the greenback. Bring also attention to news coming from the U.S., which could be very heavy.
The U.S. dollar showed some strength against the application and declined to relatively high-risk activities.
The British pound was also under pressure, due to the release of the development of house price for the month of October, which showed an unexpected drop of 49%, against the expected value of  39%. After an initial descent by early European session, the pound was able to go uphill.
The Japanese yen showed a sort of stabilization, the currency pair USD / JPY fell to 80.50 yen level. The Japan’s currency rose against its main competitors such as China, following the announcement of the decision to strengthen monetary control measures.
Regarding oil prices, it is traded at about $ 86.90 per barrel, in the context of strengthening of the U.S. dollar. The gold instead reached a new record level of $ 1422.00 per ounce.
Regarding instead the minor currencies, we can see that the exchange rate between the dollar and New Zealand dollar the Reserve Bank of Australia has released the country’s financial stability report, which had no specific effect on the New Zealand dollar, then the currency pair USD / NZD has traded at $ 0.7820.