Market review for the week of 5.08.2013 – 9.08.2013

The US Dollar continued to remain under pressure over the period of August 5-9 despite the Federal Reserve representatives having signaled that the Federal Open Markets Committee can start the quantitative easing program folding in September. Moreover, the continuously improving macroeconomic situation also failed to support the quotes of the world’s main reserve currency. The market observes a growth of appetite for more profitable instruments as the audit improves in all key regions of the world’s economic activity.

The single European currency has been noted for its moderate growth against the US Dollar. The traders have been including in the prices the economic growth pace improvement in the Eurozone’s economy. The latest macroeconomic data from the region gives reason to hope the common for the monetary union’s countries GDP will enter the growth trajectory in the second half of the year. The EURUSD pair closer to the evening on Friday, August 9, was trading at the 1.3360 level, adding 0.7% in the aftermath.

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