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Louis Tim "corporate dealer" in the "currency", the United Kingdom directly gives us his experience on a daily basis. Analysis of "FX" market (Forex) is the daily market overview and commentary
Dull day in markets
Hit the consolidation of the foreign exchange markets yesterday with little impact from economic data. We received more dialogue of European officials regarding "emergency funding facility" but actually going through old materials so no material effect on rates. Having considered the technical trading focus on experiences in Eurodollar 1.3525 resistance. We are sitting on this level at the moment but we will need to close up this afternoon to a higher conversion. This has caused the euro to buy focus to promote the Eurodollar, Yen and pound falling.
Data on us a bit mixed despite generally positive for the economy with interpret the figures largely in terms of their recovery support. Still analysts this dollar supportive on the grounds that the currency would be deemed to be done to grow in the coming months. No data from the u.s. decision this afternoon.
Two marginal utility of money. And receive "New Zealand dollar" first bit of lift on following the release of New Zealand retail sales numbers for November. According to the headline figure + 1.5% against expectations of + 1.1%. Move top was short-lived but soon fought a losing battle dollar support is approaching on the day before American data.
Secondly, commentary from Riksbank Deputy Governor Wijkman Barack to possible further strengthening "SEK". It was suggested that helps high rate of Central Bank contains unsustainable levels of credit growth; that means stronger currency. Later today at Swedish Reinfeldt, the Swedish industry can be competitive even with his strongest further suggesting that policymakers are comfortable yet more appreciation krona. It's interesting that these comments appear contrary to the approach described as norghis Bank in terms of official was reported as saying that damage the Norwegian economy hike in interest rates is NOK will enhance currency.