Australian dollar dipped to 1.0148 versus its US counterpart after the Reserve Bank of Australia decided to leave the benchmark interest rate at 4.75%, so the players who were looking forward to more hawkish RBA statement got disappointed. However, the pair AUD/USD has already gone up to 1.0180 to compensate today’s losses.
Analysts at UBS note that the demand for Aussie remains high. The specialists lifted up their month forecast for Australia’s currency from 0.9700 to 1.0000. The 3-month...
Technical analysts at Mizuho Corporate Bank claim that the single currency has jumped from yesterday’s minimum at 1.3710 and reached resistance at 1.3860. In their view, the possibility of the day’s close above 1.3900 has so far increased. This, in its turn, will trigger short covering. The same effect will be from the weekly close above 1.3900. The next target of the pair EUR/USD is at 1.4000.
Chart. H4 EUR/USD
According to the data released today, Switzerland’s GDP increased by 0.9% in the fourth quarter, while the economists were looking only for 0.5% advance.
Analysts at Credit Suisse say that the report shows that there’s no imminent downturn in economic momentum in the months ahead. The specialists note that consumer demand, investment and trade of goods all expanded at a solid pace. Never the less, according to Credit Suisse, strong franc will seriously affect exports, so they see 2011 economic...
Canadian dollar tested the 0.9710 level versus its US counterpart, the strongest since November 19, 2007.
Loonie’s rate was pushed up after the country’s GDP gained in the fourth quarter 3.3% from the previous year’s level, while the economists were looking forward to an annual increase only by 3%.
Canada’s exports, which accounted in 2009 for 32% of its economy, added 4% in the last quarter of 2010 showing the biggest quarter advance since the second quarter of 2004. Crude oil shipments rose...
美元兑日元从二月中旬的最高83.95 跌至的3周最低81.60。Mizuho Corporate Bank技术分析师指出，所有的技术指标显示，USD/JPY将继续下跌。专家说，这种分布可以在七月图表中观察出。从他们的角度来看，美元确定会受80.21长期最低汇率的考验。 美元维持在“三角”的下沿震荡，并有可能向下跌破。据Mizuho，接下来的问题是市场如何应对汇率下降接近历史1995年最低的79.75。
US dollar was under pressure because of the rising oil prices as investors worried that US economy will be affected more than others taking into account the fact that it strongly depends on consumer spending. According to Deutsche Bank, a $10 increase in oil reduces US growth over two years by 0.5 percentage point. Last week crude oil reached $112.14 a barrel in London, the highest level since August 2008.
Analysts at Bank of Tokyo Mitsubishi UFJ say that rising oil prices help to widen the...
Analysts at UBS recommend buying the single currency versus Swiss franc at 1.2800 with 3-month target at 1.3500.
The specialists believe that the interest-rate gap between Switzerland and the EU may widen as the Swiss National Bank’s official keep giving dovish comments while the European Central Bank’s authorities seem to be rather hawkish so far.
Franc was boosted by risk aversion over the past few days. According to UBS, however, unless the political tensions spread to some of the larger...