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The Non US Currencies Fell &Nbsp Across The Board; The US Dollar And The Swiss Dollar Rose Sharply.

2011/8/4 11:43:00 25

Non US Currencies Fell Across The Board.

  

market

The cheer of the US Congress to raise the debt ceiling agreement has subsided. The latest ISM manufacturing data released in July prompted the market to question the anticipation that the US sluggish economic recovery will soon resume kinetic energy.

Risk aversion is rapidly warming, making the major non US currencies all the way down, while the hedge currencies, the US dollar and the Swiss franc, have risen sharply.


As the European debt crisis has not yet been resolved in real terms, it is still not optimistic about the euro exchange rate in the short term. On the technical side, the euro / dollar exchange rate has fallen below the 100 day moving average and has fallen below the 60 day moving average and Brin channel.


Possible intervention by the Bank of Japan

Exchange rate

The comments made the market view of the recent rise in the yen, and the dollar and yen appeared cross star on Monday.

The RBA maintained its target rate for 4.75% months in ninth months. After the announcement of the interest rate resolution, the Aussie dollar touched a new low in the US dollar, and dropped to about 1.0860 as of the time being issued.

In the medium term, the Australian dollar in the vicinity of the 1.10 double top form is obvious, if the market break down, if it fails, it is expected to return to the large range shock, and support the next 1.0780.


 
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