Market news
19.12.2012, 19:20

American focus: the dollar continues to restore its position

In today's trading the euro increased significantly against the dollar, reaching with an eight-month high, which was due to publish a report that showed German business confidence improved more than expected, triggering this increase in demand for the region's assets. Growth of the euro also helped a message saying that the international rating agency Standard & Poor's upgraded the long-term sovereign credit rating of Greece by 6 points - to B-with a "stable" outlook, the agency said. Earlier, Greece's sovereign credit rating S & P estimated at around "partial default" (SD). Meanwhile, along with the long-term has been upgraded and Short-term - to the level B with a "stable" outlook.

But, despite this, the later the dollar and the yen regained most of the lost positions, which was associated with a statement by U.S. President Barack Obama. As it became known, he revealed a desire to deal on deficit reduction was achieved as early as Christmas. The same time, he said that he may veto the "Plan B" proposed by Republican U.S. because it does not allow to raise most taxes

Japan's currency in early trading demonstrated steady decline, as many investors have suggested that the central bank will be to resort to expand incentive program after ending a two-day meeting. Also on this momentum influenced report, which showed the trade deficit widened in November.

As it became known, exports fell by 4.1% compared to last year, while imports rose by 0.8%, causing a deficit of 953.400 billion yen, which is the third largest on record.

British pound despite his daily growth, which was caused by the publication of minutes of the last meeting of the Bank of England, could not keep their positions, and fell to a session low. Note that according to protocol policy voted 8 to 1 to leave a bond purchasing program unchanged, as the risks associated with the crisis in the euro area declined, while inflation concerns persist.


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