The foreign exchange market today, significantly storm on all fronts. Euro rises in price against the dollar by more than 1%, and updates a maximum of five weeks. The pound sterling is growing by 0.7% in tandem with the "American" on the eve of today's meeting of the Bank of England. The Australian dollar in tandem with the US dollar reached a level of 3 July 2015 and it seems to stop there is not going to. Most of all the dollar under pressure, and this is the Ob projective base.
"Dovish" position of the Federal Reserve, which did not want to believe, yet was announced on the eve of the head of the US Federal Reserve, Janet Yellen. The Fed this year will raise rates only twice instead of four, which were announced at the December meeting. Next was a softness in its maximum expression: wages are rising fast enough, inflation is not a trend, according to the cautious forecasts the economy and in general seems to be better to wait, rather than risk. And capital markets immediately rushed to "quiet" the harbor to safe assets.Gold, for example, for two incomplete trading days has risen by almost 6%.
Fed soft, very soft ECB, the Bank of Japan - an ultra soft. Complete care and encouragement, though, formally, the crisis in the advanced economies has long passed. Inside the euro area held deflation yoy (-0.2% y / y in February on the CPI). Prices in the US are growing unevenly, in Japan - is generally the number one problem.Consumer demand remains moderate, although the population has substantial savings. It seems that the highly developed economies of the world again hibernate - neither growth nor decline, some emotions.
The macroeconomic calendar for tonight especially important statistic is not overloaded - released its weekly report on the number of claims for US unemployment benefits. Before him will know the decision of the Central Bank of England rate. On Friday, too, everything is pretty quiet in this regard. Another day or two, "the queen of oil" and "outsider dollar" shook on these emotional swings, and then start a new week, where the mind is still outweigh chuvstva.Istochnik: www.alpari.ru, «the US, EU and Japan: no growth or decline - some emotions "