On Tuesday, December 1st, Forex market again shows growth of the European currency against dollar. The heated debates on Dubai World problem gradually ended, and though negative influence still remains, risky currencies are in demand again thanks to increase of liquidity which ECB and other banks continue to pump up in the markets. Nevertheless, experts consider this dynamics quite sceptically. In general, the macroeconomic image remains the same. Only some sectors of economy show growth, however it is caused by the governmental support, there are no real investments in the economy. At the same time, fears concerning next steps of policymakers towards current monetary policy. It is quite probable, that the situation with Dubai Worlds can occur once again, and that in the future some other company will request for financial help in order to settle of multi-billion debts.
Meanwhile, macroeconomic data came out, in general, according to expectations. The reserve Bank of Australia has raised interest rate to 3.75%. Volumes of retails in Germany have shown planned growth by 0.5 %. The Rate of unemployment in the Eurozone in October has risen to 9.8%. It is likely, that current ascending dynamics of euro will remain up to Thursday when the next portion of the important data among which gross national product gain in the Eurozone for 3 quarter 2009, unemployment in the USA.