Dollar continues to weaken before opening of the European session

Weakness of dollar continues to grow in second half of Asian auctions. As consequence, new daily minimum values in relation to the basic competitors. The dollar/yen has tested a course on durability 114.45, but more low 114.50 while to be fixed it was not possible. In a camp of sellers of dollar against yen of changes is not present. Still it is short-term speculators, basically not Japanese, and hedge funds. Importers still occupy a waiting attitude, expecting, that it will be possible to begin purchases from 114.00. The Asian analysts, discussing an event, say that actually it is impossible to tell that moods on dollar became the extremely negative, or they became positive in the relation what that of other currency. Has simply grown volatilnost the market. The market, having stronger volatilnost, tries to check up both the top and bottom levels to expand a range.

If to pay attention to euro/dollar pair referring to the above-stated opinion it is possible to ascertain, that on Friday the course has found the rigid bottom party in the name of a mark 1.2050. The market could not go more low, therefore now it tries "on taste " the top party, having punched key resistance on 1.2180 which long constrained euro. Now aim in given pair it is possible to note at level 1.2400. It is not excluded, what is it only a new range for konsolidirovanija 1. Also it is not excluded, that during the today`s auctions the dollar will still be overcome for returning of a mark 1.2180. This trophy in short-term prospect would be necessary, if the dollar wishes to be rehabilitated and raise pessimism concerning uniform currency. Forexpf. Ru - Forex News / News Forex