US economic growth outlook and the greenback strengthening.
Asian and European trading sessions:
Euro: Positive attitudes in the market pushed the EUR/USD pair to the $1.3424 mark maximums.
US Dollar: According to the experts’ opinion, the US economical indicators would show strong results in 2011. At the moment the forecasts for the employment figures are very positive.
British Pound: The sterling showed growth as well and reached the $1.5640 level. Mortgage approvals for November showed unexpected growth to 48.0K, which supported the pound. The purchasing manager index for December grew above its forecasts as well.
Japanese Yen: Sings of the positive dynamics of the US economy supported the greenback growth against the Japanese yen. The USD/JPY pair strengthened at the level of Y82,20.
Canadian Dollar: Due to oil price growth, the Canadian dollar rate showed considerable increase and traded around its 27-months maximum.
Oil: Oil prices were supported by the expectations for the release of the strong US fundamentals and speculations that the US economy rehabilitation rate would grow. The oil traded at the maximums of $91.48 per barrel.
Later the oil prices decreased to $89.44 prices per barrel.
Gold: Yellow metal showed maximums at the $1424 mark. The decrease was shown to the level of $1385.60 per ounce.
American trading session:
US Dollar: US dollar strengthened against its major counterparts. Stock and commodities markets dropped.
Asian and European trading sessions:
Euro: Positive attitudes in the market pushed the EUR/USD pair to the $1.3424 mark maximums.
US Dollar: According to the experts’ opinion, the US economical indicators would show strong results in 2011. At the moment the forecasts for the employment figures are very positive.
British Pound: The sterling showed growth as well and reached the $1.5640 level. Mortgage approvals for November showed unexpected growth to 48.0K, which supported the pound. The purchasing manager index for December grew above its forecasts as well.
Japanese Yen: Sings of the positive dynamics of the US economy supported the greenback growth against the Japanese yen. The USD/JPY pair strengthened at the level of Y82,20.
Canadian Dollar: Due to oil price growth, the Canadian dollar rate showed considerable increase and traded around its 27-months maximum.
Oil: Oil prices were supported by the expectations for the release of the strong US fundamentals and speculations that the US economy rehabilitation rate would grow. The oil traded at the maximums of $91.48 per barrel.
Later the oil prices decreased to $89.44 prices per barrel.
Gold: Yellow metal showed maximums at the $1424 mark. The decrease was shown to the level of $1385.60 per ounce.
American trading session:
US Dollar: US dollar strengthened against its major counterparts. Stock and commodities markets dropped.