UWC Currency - page 4

 
 
 
 
 
 

30.07.10

With regards to the data of Centre for Economic Policy Research and the Central Bank of Italy, the indicator EuroCoin in July fell from 0.46 to 0.40. The indicator is decreasing 4 months running. And it testifies deceleration of the economic growth rate.

Parliament of Italy approved assigning a sum of $ 440 billion and 575 billion euros on creation of the Support Fund for the countries with high national debt.

The prices of OIL and oil products grew against USD. The USD weakness is pushing up the Oil prices.

EUR/USD dropped today because of markets feverishness.

USD/YEN decreases due to unfavorable situation on Asian markets.

 

03.08.10

EURO continues up;

1.3150 against USD.

USD loses against

most currencies.

Fires in Russia give boost

to agricultural commodities.

Crude oil jumps 5 %

and reaches USD 53,50.

 

05.08.10

Yen reaches highest level

towards USD in 15 years

EURO stabilizes on 1,3150

against USD.

GBP continues up.

Oil stays above USD 82

 

06.08.10

Yen reaches new records

against USD.

EURO/USD stabilizes

around 1.32.

Wheat prices jump on

Russian heat crisis.

Oil stays on USD 82

 

09.08.10

Weak employment numbers

leads to continued USD weakness.

Strong YEN hit by slower

Japanese export in July

Oil steady abover USD 80;

Gold and silver increase

Reason: