abstract: strong recovery dollars in Asia in early trading on Tuesday. Trichet said "fully agree with the strong dollar in line with United States interests views" remarks boost dollar. But the future face more tests. Fed interest rates after the Declaration, Declaration resolution Bernanke press conference remarks, before that market to the latest forecasts of the two events, as well as the sudden freedom of speech or rumors, rise of the stock market, will test the dollar.
m Tuesday (26th), strong recovery in early trading, Asia. Trichet said "fully agree with the strong dollar in line with United States interests views" remarks boost dollar. Monday (25th) overall slightly higher, but still on the defensive, investors gradually return after the holiday market. In front of the resolution and of the Federal Reserve Bernanke announced a news conference, the market is short-term trend of the dollar to the events related to the expected major test. Investors concerned about the expected changes in the market you want. Now investors expect Bernanke speech will show "moderate" position.
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primary South grams speech or revealed fed exit route figure QE2 or painting Shang period European Central Bank new Palm lock will "meaning" in the people RMB on dollars 25th disk in the volatility near 0.5% RMB is period currency yesterday once fell stopped vulnerable dollars has is "spent" Shen Jianguang: exchange rate interest rate need more flexible second quarter investment policy will hot registration in the according to media Tuesday (26th) invoked European Central Bank (ECB) Governors Trichet (Jean-Claude Trichet) words reported said , The Central Bank will make every effort to prevent the rising energy and commodity prices affect other prices. "We are faced with a second round of the risk of inflation, we must guard against this risk becomes a reality. "The euro boost to rise against the dollar, but the trend quickly go down, by Terry thanks also known as:" fully agree with the strong dollar in line with United States interest views. "US dollar index rebounded, rebounded from daily low 73.977 continue to 74.335 day high, the current rally has slowed down.
federal reserve policy meeting, to be held on Tuesday and Wednesday will be a major event risk this week, a dealer trying to search for United States policy leads in the direction of.
Thursday Beijing time (28th), United States Federal open market Committee (FOMC) announced interest rate decision and made a statement after the meeting; 2:15, Chairman of the Federal Reserve held a press conference.
markets by Bernanke's the reporter looks for clues to how the Fed's plan to withdraw from ultra-loose policy. This is the President of the 97-year history of the Federal Reserve routine news conference held for the first time.
if the Fed's policy stance became unexpectedly tough, the massive dollar short in the market will be at risk. According to the commodity futures trading Commission on Friday (22nd) data, foreign exchange market speculators in the past four weeks continuous reduction of dollar short positions, but there is still us $ 24.36 billion dollar NET short positions.
the latest comments and expected:
Chief market analyst at FX Solutions company Joseph Trevisani, New Jersey, at a press conference after the publication of FOMC rate decision will be before the end of dollar rise cannot go too far in both directions. Around quantitative easing and interest rate policy both of these topics should be enough to make dealers prior to sidelines.
capital of Nova Scotia, Toronto, Chief Forex strategist at Sutton (Camilla Sutton), said: "foreign exchange market and the reaction of the public debt remains a unknown quantity, and is a significant risk".
she said once the new round of end of the quantitative easing policy, certain upward pressure on bond yields. United States monetary policy is still quite weak, dollar stronger long-term is still impossible. …… This is a medium-term risks; the wording of the statement after the meeting, any change in tone, latest economic press conference itself and the FOMC (310,358, Fund) expected to constitute a short-term risk.
market is expected, the Fed will confirm its purchased debt of US $ 600 billion plan will end as scheduled in June. The planned negative on the dollar because the equivalent of printing money, therefore, any of the plan will end prematurely suggested there would be beneficial to the battered dollar. Euro/dollar accumulated during the year rose nearly 9%.
strategist says, if Bernanke hinted that the Fed's easing may continue in the foreseeable future, the dollar could face selling, the euro/dollar will rise to 1.5 psychological resistance level.
Brown Brothers Harriman (BBH) currency strategist Mark McCormick pointed out that, on the euro/dollar could try 1.47 level will depend on the Federal Reserve this week (Fed) meeting results. He said that if as expected the Federal Reserve said according to the plans to complete the second round of quantitative easing (QE2), 1.47 level test on the EUR/USD is expected to further target will point to the level of 1.5.
$ index rebounded to above 74 mark currently. But many traders said,Tests last week hit a three-year low of 73.735. Technology model data display, who fell to wear the level (73.735), will pave the way for the test hit a record low of 70.698 in July 2008.
09:14 ', $ index 74.244.
