The US dollar against the euro on Tuesday in New York City strong go against the Japanese yen, the dollar is holding steady, but the days of the accident announced increases in interest rates caused global market confusion.
Tuesday after the EUR/USD is located in New York City fluctuation 1.3720 interval 1.3714/1.3937 low segment. Opening the interval high segment.
After the US dollar against the yen in New York, balanced 81.53 opening level, but are still in the interval 81.37/92 volatility is low.
After the sessions, two Exchange rates are moderate tempo, rhythm at the beginning of the trading in comparison to more actively, the US dollar against most currencies on line. This is mainly due to the recent short the USD started the open positions, in addition to the interest of accident-it announced in New York shortly after the opening, leading the US stock and commodity market appropriate depreciation.
This interest rate increase a market the majority of traders and analysts expect that China had loan reserve rate by 25 basis points to 5.56%, the current one-year deposit interest rates to 2.50%.
This decision, not just in time for the unexpected, but beyond market is expected to cause global market panic, triggered the US stock market and other commodity prices, the depreciation.
As the market diminishing risk interest, US dollar against most currencies on line going up, because of the recent short the dollar have launched the open positions. Recently, the Federal Reserve further quantitative easing is expected to make the dollar under pressure.
Opening EUR/USD is located above and approximation 1.3900 overnight high 1.4000. Early trading hours all rise in the dollar, euro, sell order stop loss level is triggered. After the former EUR/USD dropped to a low point, then 1.3770 in after hours extend decline to 1.3721.
Dollar rally driving the US dollar against the yen on high 81.92 early trading, but then fell back in after the moderate.
Similarly, the Dow Jones industrial average plunged more than 200 days, dealers think this round of accidents increases interest rising or slowing down global larger countries, the pace of economic growth, and commodity market also fell down.
City, in China announced increases in interest rates, many European market trading hours end, slightly more damage.
After the sessions, the spot price of gold at $ 1331.50/ounces, since the beginning of the New York City, far lower than the decline 1356.50 overnight high point $ 1371.05.
The same period in the shares, the price of crude oil prices since Monday closing 79.72/barrel, down $ 3.67, far less than the New York City early 81.82.
Dealers said China's rise is not intended to reflect, they anticipated the Asiatic market on Wednesday will be the interest rate on this wheel performance negatively. In China announced before the market interest rate had concluded transactions.
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