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Dollar is experiencing hard Times |
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This week is extremely poor in macroeconomic data, so yesterday's positive information about the services sector in the U.S. continues to reflect an echo in the markets. Must be accompanied by further increases the problems of the dollar and stock markets have been unavoidable.
Already in the morning the market was roaring up the information from the two - in Australia unexpectedly increased interest rates, and the press speculated that the Arab countries want to eliminate the dollar from its trade in oil primarily from China and Japan. Oda factors weakened the U.S. currency, which increased its appetite for risk and thereby raised the share price. Falling markets, also got a gift in the form of a new quarterly index published by HSBC IIA economies that are better than the developed countries to abolish the current crisis. Owy rate in the third quarter reached up to 55.3 points.
Listing on the Stock Exchange grew strongly, and so question was whether the demand canhandle the high opening and does not weaken before the end of the session. It appeared that the bulls failed to comply with its duty was exemplary and gained the field bears no longer sacrificed. A successful session is not groundbreaking, but certainly once again sticks a knife in the back of the camp, which since May repeated the words like a mantra about the inevitable and that a large correction. Market as a body launched in February with a slingshot not quickly change its direction, however that may be worry deceleration. The period of easy money has come to an end, but as long as the trend does not apply to fight it. Gold in the currency market trend, he returned to the side channel between 4.07 and 4.20. The strength of our currency was derived from the weakness of the dollar, which today was particularly evident in the form of gold metal pierced his last historical peak, which tells us more or less confidence in the dollar that clearly weakens despite U.S. denials about the elimination of currency trading oil.
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