US dollar gets recovered - 28.11.2012
The single currency rate fell on Wednesday morning after reaching 4-months high. Even though the agreement concerning the financial aid for Greece was reached, investors are refocused on another problem, such as negotiations regarding the USA budget issue.
Today Asian trading session had a negative key. Nikkei lost more than 1.2%, ending its confident growth, started 3 weeks ago. American markets have stocks lowered according to yesterday trading results: S&P 500 futures and Dow Jones Industrial Average were closed in the red zone, being fallen by 0.52% and 0.69% accordingly. Lowering was supported by the senator Garry Richard’s speech expressing disappointment regarding insufficient results of negotiations between republican and democratic parties on the budget issue that may lead to the “fiscal cliff” resulting tax increase and spending cuts.
There is the US dollar gradual recovery observed in light of recent currency market events. The US dollar index reflecting behavior of greenback against a bunch of 6 currencies came closer to 80.50, being fallen to 4-weeks low at 80.02 yesterday (see the chart)
USD index, daily chart
Out of today macrostatistics, german CPI coming out at 14:00 CET and the US New Home Sales at 16:00 CET are remarkable.