Tuesday, 4 Jan 2011
U.S. dollar decline during trading on Monday versus both the euro and Swiss franc after the record rise in the beginning of the day only, and comes after U.S. economic data that led to the tendency of traders to the market trend towards riskier currencies and markets high-risk as well, and in general He has directed the euro to levels close to 1.3360 against the U.S. dollar during trading yesterday, the greenback saw the same negative performance against the Swiss franc and closed at 1.5485 levels.On the other hand have been statements from the United States of America on the ISM Manufacturing report has recorded an increase to the levels of 57 during the last month, and comes against the expectations that she was referring to the possibility of recording 57.1 and, in general terms, this indicates that the growth rates in the industrial sector recorded rates positive during the months of the current, which means that economic recovery can be maintained in a positive way during the coming period, on the other hand it may have issued statements also on the rates of expenditure on the construction sector has registered an increase for the third month in a row, which means high rates of growth of America at the moment .
On the other hand, those American economic reports had led to higher yields on American Treasury bills, but this is not the rise in revenues enough to let the dealers expect the sustainability of speculators in the market to do to buy the U.S. dollar, but it was more affected in the market yesterday were the crude oil prices and U.S. stocks.
On the other hand, it is expected to release data today from the United States of America on factory orders and the U.S. in at 15:00 GMT, is expected that the dealers have a strong view of these data in the case of the results better than expected it will be U.S. dollar expected to continue to rise.
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