Current foreign exchange market during the last week was mainly marked by rising commodity prices and risk aversion-related events in Libya and the monetary policies of central banks.
The rest of the week will be quieter for the EUR / USD, at least on the economic front. The dollar has not really benefited last week from the small drop in the unemployment rate in the U.S. at 8.9%. Investors are rather, as regards the pair in an optical differential interest rates mechanically disadvantaging the greenback due to the quantitative easing policy by the Fed. It is likely that this trend will continue during the week, knowing that a weaker euro is never excluded due to a possible rebound in sovereign crisis. Few indicators that may influence the real exchange rate, except may be in industrial production in Germany and the confidence index from the University of Michigan Friday. Thus, the euro is likely this week to be increased again to 1.40 or even cross that psychological threshold.
News busiest for the pound sterling due to the approach of the meeting of the BoE, which should lead to the maintenance of interest rates and the continuing program of buying assets. After a good week for a slight fall against the USD following the publication of the PMI services in the UK, the pound sterling may be further scope to increase. Analysts expect the BoE, forced march, gradually moving towards a rate hike. At the last meeting of the Monetary Policy Committee, three members called for an increase, knowing they were only two in January. The tide is turning and could assure the British currency considerable gains against the U.S. dollar.
The Swiss franc should continue to turn its upward movement on the foreign exchange market because of continued geopolitical instability in Arab countries. The pending release of the unemployment rate in the Confederation and the index of consumer prices should have no impact on the evolution of the currency. In the process, the yen should also take advantage of the downturn on the safe haven.
Finally, the week is likely to be quite busy for the Canadian dollar, which concluded with a flourish last week, approaching a few pips of parity with the U.S. following the publication of quarterly GDP which stood at 3.3% ( against 3% expected). Indicators juvenile open the week, namely building permits and housing starts. The key indicator will be published only on Friday and the unemployment rate is expected at 7.8%. Do not forget that the DAC is affected by changes in price of a barrel of oil.
The rest of the week will be quieter for the EUR / USD, at least on the economic front. The dollar has not really benefited last week from the small drop in the unemployment rate in the U.S. at 8.9%. Investors are rather, as regards the pair in an optical differential interest rates mechanically disadvantaging the greenback due to the quantitative easing policy by the Fed. It is likely that this trend will continue during the week, knowing that a weaker euro is never excluded due to a possible rebound in sovereign crisis. Few indicators that may influence the real exchange rate, except may be in industrial production in Germany and the confidence index from the University of Michigan Friday. Thus, the euro is likely this week to be increased again to 1.40 or even cross that psychological threshold.
News busiest for the pound sterling due to the approach of the meeting of the BoE, which should lead to the maintenance of interest rates and the continuing program of buying assets. After a good week for a slight fall against the USD following the publication of the PMI services in the UK, the pound sterling may be further scope to increase. Analysts expect the BoE, forced march, gradually moving towards a rate hike. At the last meeting of the Monetary Policy Committee, three members called for an increase, knowing they were only two in January. The tide is turning and could assure the British currency considerable gains against the U.S. dollar.
The Swiss franc should continue to turn its upward movement on the foreign exchange market because of continued geopolitical instability in Arab countries. The pending release of the unemployment rate in the Confederation and the index of consumer prices should have no impact on the evolution of the currency. In the process, the yen should also take advantage of the downturn on the safe haven.
Finally, the week is likely to be quite busy for the Canadian dollar, which concluded with a flourish last week, approaching a few pips of parity with the U.S. following the publication of quarterly GDP which stood at 3.3% ( against 3% expected). Indicators juvenile open the week, namely building permits and housing starts. The key indicator will be published only on Friday and the unemployment rate is expected at 7.8%. Do not forget that the DAC is affected by changes in price of a barrel of oil.
Aucun commentaire:
Enregistrer un commentaire