Analytical Information - 8 September 2009

Despite the expected calm trading session on Tuesday was quite busy. The results of the London summit of G20 aroused a great desire of investors to invest in higher-yielding currencies and growth in quotes the U.S. stock indices helped to define a single trend movements of U.S. currency in the pair with the basic tools - namely, the weakening. Among other things, depreciation of the dollar contributed, and again in doubt about the ability of «American» be the world's reserve currency. As a result, paired with a single European currency the dollar was in a stable condition just before the release of important news from Europe. In particular, data on the balance of foreign trade and balance of current account balance of payments in Germany were better predictive values (13.9 in vs 11,3 B, and 11, in vs 10,0, respectively). Thus, the maximum of a pair euro / dollar was 1.4534, while trading ended Tuesday night in the vicinity of 1.4480. In the wake of positive data for Europe started moving up and pound sterling, who managed to reach the peak of the day to 1.6586, with the support of news from the UK: data on the change in industrial production also showed positive dynamics in the previous reporting period: 0,5% vs 0,2 %. However, to gain a foothold on the achieved level of the British currency could not: the pound went below 1.6500 marks and ended trading Tuesday at 1.6485 area. Followed the example of their European colleagues and the Swiss franc: a mark of 1.0597 dollar was pushed to the day low 1.0430, and finished trading day in the area of 1.0470. The yen did not stand aside from wishing to strengthen their position in relation to the dollar. After a maximum of 93.29 yen on Monday pushed the American rival to a mark of 92.01 (minimum day), but continue to allow him a few adjustments and finish the bidding at a mark 92,35. It should be noted that the euro and the franc have updated their maximum values for the year 2009. Thus, on Tuesday the dollar retreated from their positions on all fronts, but at the same time, the correction at the end of the day give hope for his imminent promotion.