summary: the US dollar against major currencies on Thursday a strong rally after the QE2 will end as scheduled, the Fed ignored the QE3 expectations, another source said Greece had won on 5-year austerity plan approved by lending institutions, news that the euro rebounded sharply, IEA released 60 million barrels of crude oil reserve make monetary of goods decreased by a main theme in forex markets.
Thursday (23rd) rising US dollar against major currencies after the Federal Reserve (FED) Chairman Bernanke (Ben s. Bernanke) suggested there would be no additional stimulus measures, as dollar brings rising power.
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$ 600 billion Treasury purchase program of the Federal Reserve, namely the second round of the quantitative easing policy would be concluded at the end of this month.
United States Ka-Shing Group (Gain Capital Group LLC) Eric Viloria, Chief currency strategist in New York, said: "we see the dollar today rose, QE2 QE3 was expected after the Federal Reserve has ignored, so the fed before implementing the QE2 is to avoid a deflationary pressure, however the current deflation was no longer an issue. "
$ index currently located near 75.3 than last session 0.6%; 0.67%, EUR/USD is currently lower than the previous trading day, trading near 1.426; 0.3%, dollar/Yen is now than the last session, trading in the vicinity of 80.6, hit a high 80.79 since June 16.
under the influence of global economic slowdown fears, rising Swiss franc against major currencies, against the euro hit a record high. Euro/Swiss franc fell in 1.7%, to a record low of 1.1845.
report shows Europe's service sector and manufacturing sector purchasing managers ' index (PMI) fell by more than expected, stalling added in support for the eurozone economy, eurozone June integrated Markit PMI 55.8 per cent of the initial value since May, economists expected 55.2 per cent.
the rising dollar/yen for the second day after the Federal Reserve's decision at the end of this month after the end of QE2 continued at record highs on the balance sheet, to stimulate economic recovery. In addition, the Fed also cut its economic growth expected this year.
Western Pacific (601,099, unit) banks (Westpac Banking Corp) in Auckland Imre Speizer, strategist, said: "the next two months the Fed will not mention QE3, without any implied to further stimulate the economy, which will provide opportunities for shorting risk assets, long on dollars. "
United States Department of Labor (Labor Department) report showed on Thursday, as of June 18 week, United States, unemployment in the early gold increased by 9,000 people to 429,000 in the number of people; and United States Department of Commerce (Commerce Department) report shows that the United States in May New Home Sales fell for the first time in three months, down to 2.1% per cent of households.
the EU leaders on Thursday began a two-day summit in Brussels to discuss Greece's debt problems. Germany Angela Merkel (Angela Merkel), eurozone finance ministers will seek to redefine assistance Greece timetable. July 3 to decide Greece meets the conditions for loans under.
ft (Financial Times) reference related reports that Greece opposition leader Antonis Samaras will vote against the Government's new austerity measures, and contrary to the call for solidarity with the EU.
asked the European systemic risk Board (ESRB) alerts when the semaphore system to what color marking Europe's debt crisis, Mr Trichet, told reporters: "from a personal perspective, I would say that it is red. The Committee considers that this is the most serious threats to financial stability. "
there are familiar with Greece sources said on Thursday for talks with international lenders, Greece has won the EU/IMF (EU/IMF) inspection team on the approval of the new 5-year austerity programme. Prior to this, Greece plans to withdraw a series of tax increases and spending cuts.
one source noted, Greece agreement had been reached with the lending institution and the other sources point out that, at present there is only minimal technical details will be completed by Friday. After the news, euro/dollar's rapid surge by more than 70 points, after touching 1.426 above, but then rallied a little break.
Brown Brothers Harriman (Brown Brothers Harriman& Co.) The Group of 10 (G10) Policy Director Lena Komileva in London said: "after the IEA released 60 million barrels of crude oil reserves, we see commodity currencies decreased overall, and this will of course become the main theme in forex markets. "
