UWC Currency - page 8
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30.09.10
The USD continues to become weak day by day because of market expectations of the US monetary easing. This measure can put the US interest rates at the low level which is unattractive for investors.
The USD dropped against the Yen and lost all gains of the Japanese government intervention.
During the Asian session the EURO/YEN reached the session lows at 113.65. The Yen has been supported by exporters. And the market analysts expect that the pair downside can remain during the day.
The oil prices went up to the new high based on the negative government report regarding the US oil and fuel inventories.
Gold and silver continue to hit new high records and the prices move higher.
04.10.10
EURO demonstrates
continued strength
USD weakens towards
most currencies
Gold and silver
reach new record highs
14.10.10
The USD dropped against the YEN at 15-year low level on expectations regarding the FED purpose to continue the quantitative easing.
Also because of these expectations of new quantitative easing series which will proceed by FED, the dollar fell against the Euro and GBP.
The oil traded higher today, the contracts were pushed up by the weak USD.
Also the yellow metal is under the FOMC influence and the gold jumped at a new high on the FOMC comments which gave a new wave of fear about the inflation.