And again we can see investors running from risky assets which has contributed much to dollar strengthening. Most likely, such dynamics is connected not with the American data, though with new rumors coming from China that the country may again face some problems, with danger coming out from real estate market.
Economic reports from the USA have brought some positive into markets. The quantity of cut-off seems to have reduced during the past month.
The index of economic activity estimated by Fed of Philadelphia, has grown in November and amounted at 16.7 against 11.5 in October. Growth of industrial activity has helped the USA to overcome the 1930-s recession and, most likely, will result in economic growth in the near future.
Today might be very boring: the only report on number of planned cut-offs will be published at 6 p.m. It can hardly cause any trouble in markets. Most likely, in the end of working week traders will be engaged in fixation of profit and preparation for week-ends. Dynamics of currency exchange rates will probably be quite predictable.
After weak attempt to break through euro started falling; the trend was continuous for all trading day. There is hardly anything surprising - the economic data has been poor enough, and those only published reports have not much affected markets. Some say that ECB will keep interest rate at the level of 1% up till the end of the year. However, such claims of European Central Bank’s representatives do not sound convincing.
The publications of the Italian outlook planned for today on industrial sector, most likely will enjoy no attention. However pay attention to Trishe’s announcement – though he is unlikely to say something new, still it can change moods for euro at the end of the working week.