A senior oversea forex dealer Stuart Ive said on Monday (February 14) due to the demonstrations in Yemen and Algeria as well as the step down of the president in Egypt, the tense situation in the whole Middle East was enhanced, USD would continue to get some support in the forex market.
Ive claimed even though the step down of the Egypt president could be one of the advantage element, but there is still much more uncertainty.” He also added that the important data that would be release in this week would be very much, and the focus would be at the micro economic data in China, the inflation data in UK and the speech of Ben Bernanke in Congress.
The USD index was at 78.52 at 08:23 Beijing time.
Ive claimed even though the step down of the Egypt president could be one of the advantage element, but there is still much more uncertainty.” He also added that the important data that would be release in this week would be very much, and the focus would be at the micro economic data in China, the inflation data in UK and the speech of Ben Bernanke in Congress.
The USD index was at 78.52 at 08:23 Beijing time.