Euro lightly recovered above 1,43 USD

[Femi]

The euro recovered on Monday morning at the beginning of the European trading against the US dollar from Friday's losses and marked 1,4335 USD again above the level at 1,43 USD. On Friday, the single European currency fell under this level, at that level it moved 3 months ago. Despite of euro's light recovery against the dollar, analysts at Helaba see dollar's downward trend from March broken. “At last US labour market data led to dollar appreciation, so hopes on the nearest end of economic crisis are revived”. The greenback has an upward potential before fiscal-policy volume expected in the middle 2010.

Budget balance data is on Monday in agenda. In the afternoon, the Chicago-Fed-National-Activity-Index for November comes from the U.S. The Federal Reserve Bank of Chicago is studying leading indicators amongst the land-wide business activity in the world's biggest economy. In October the index fell to -1,08 pts from -1,01 pts. In the euro zone, no macroeconomic indicators are activated. In the technical view, the common currency has a support at 1,4260 USD and a resistance at 1,4500 USD.