in just two weeks before the markets due to the Federal Reserve (FED) policy statement of a meagre and Fed Chairman Ben Bernanke (Ben Bernanke) no highlights of speeches, which were losing confidence in the dollar. And in the current market, investors are uniform transfers the focus to a eurozone debt issues still outstanding. Concerned about major changes in the object making the euro and the dollar was almost " role reversal ".
Friday (May 13) New York, the euro/dollar modest rebound after sharp declines, 1.4067 1.5 months of low level fell to the lowest point. Exchange rate since early this month hit 1.4939 2.5-year high in the level of basic is constantly downward trend after.
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European Central Bank points "inflation fighter" Euro turned over ACE now dollars into rebound cycle high risk assets bull market will end euro appears every high short opportunity market emotional vulnerable non-us unspeakable rebound IMF on Greece avoid debt recombinant has confidence euro bad constantly risk aversion demand push high dollars national day Xin months site revealing three quarter layout opportunity recent yilai , From trapped around the eurozone countries " end " the debt problem continued to affect the nerves of investors. Last year the European Union (EU) and the International Monetary Fund (IMF) EUR 111 billion assistance loan for Greece again facing financing difficulties. More serious is, with all indications show Greece financial situation all the more unsatisfactory, the country faces increasing the risk of debt restructuring.
, analysts said once Greece forced debt restructuring, it is equivalent to opening Pandora's box, at which time Greece and the eurozone economy is likely to be a significant impact.
former European Central Bank (ECB), Vice Governor of Greece Prime Minister Papandreou (George Papandreou) economic and financial policy adviser of Papademos (Lucas Papademos) said on Thursday that destructive force of debt restructuring may be beyond anyone's imagination.
reports, the European Union (EU) and the International Monetary Fund (IMF) will accept Greece soft debt restructuring, with most of the eurozone officials marked contrast to previous short a tough attitude.
a large Japanese Bank in Tokyo, traders said, EU Finance Ministers meeting next Monday (May 16), held in Brussels, Greece's new aid plan is expected to introduce during the Conference. When investor selling in euro or will reach the top.
the trader noted that the market on eurozone finance ministers can Greece reach substantive agreements on skeptical. In Greece the current situation, Greece to solve the heavy burden of the debt problem alone. If no external force support, Greece debt restructuring will be inevitable.
France agricultural credit Bank (Credit Agricole) report, the analysts said, although the European Central Bank expected the euro to provide support for a continuous rise, but vulnerable to effects of the debt crisis in Europe of the euro. In addition, the strong performance of the eurozone GDP in the first quarter, but also highlights the eurozone core differences and the pace of economic growth between the second-tier countries.
the analysts pointed out that, as the EUR/USD on Thursday to close at 55-day moving average 1.4262 below, under the future or will try 1.4061 support, the level close to the currency rallied nearly 5 weeks of starting point.
the United States, the day Announces United States economic data overall has performed well, while United States inflation pressure increase also boosted the market on expectations of tighter monetary policy ahead of the Federal Reserve, which rallied laid the Foundation for dollars to expand.
United States Department of Labor (DOL) published data show that United States April not quarter adjusted consumer price index (CPI) annual rate increased by 3.2%, expecting an increase of 3.1%, the former value increased by 2.7%.
United States University of Michigan (University of Michigan) published data show that United States May University of Michigan consumer confidence index initial of 72.4, touched in February this year to the highest expected 70. Show consumers the future United States economic situation expected more optimistic.
at the same time, many officials of the Federal Reserve recently said as the United States on solid road to recovery, or of the Federal Reserve will raise interest rates modestly at the end.
02:08 ', EUR/USD 1.4105/06.
