Monday, December 26, 2011

Stick to the dollar losses last week

Stick to the dollar losses last week
The slow return of trading losses to wipe a little of the U.S. dollar last week, as investors are expecting a rise in consumer confidence in the United States, which will be published in a report on tomorrow. Have reduced the power of the fourth quarter Q3 in the United States of pessimism that was ravaging consumers, and the increase of confidence in the dollar stopped buying. The total value of U.S. consumer confidence in numerical terms, reaching to 58.6 in December, up from 56 in November.
Asian trade today
In Asian trading today, the dollar saw little change from last week, bringing the trading against the euro to $ 1.3041 per euro. The Dollar Index, which compares the U.S. dollar against the six most prominent trading partners, fell by 0.2% in the last week. However, the index rose nearly 10% since its lowest level in May.
The price of gold has remained relatively stable compared to the prices in the past week, in preparation for the consumer confidence report in early on Tuesday. Although the price of gold rose 13% in 2011, you can report reveals that the stability of the U.S. economy could cause a reduction in the metal as a safe haven.
This week
Although this week will be relatively calm in light of the holiday on the occasion of the holidays, but there are many events to be sought by investors in the coming days. In addition to issue a report consumer confidence in the United States tomorrow, will sell Italy 9 billion euros of bills 179 days, on 28 December, it is estimated that up to 2.5 billion euros of bonds to zero in 2013. The next day will be presented Italy bonds due in 2014, 2021.2018 and 2022 at a public auction. Any negative results in these auctions will put the euro under selling pressure.

Forex

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