The President of the Swiss National Bank, Philipp Hildebrand, submitted his resignation, could not withstand the public pressure after last week emerged that his wife Kashya, had bought $ 500,000 a few days before the agency intervene in the exchange rate, which left the French anchored to 1.20 against the euro.
With some logic, the officer resigned but said he did not know the transaction, which said hearing held the day after. The lady said, meanwhile, did not know the details of what her husband would enjoy two weeks después.Lo truth is that the operation made money, but the officer was out of work.
The franc rose about 60 points in minutes, which reversed immediately, being the only new relevant medium.
The summit of Merkel and Sarkozy left another string of good intentions, promises firm action and severe, and no solution or specific measure. More of the same, and so the market reacted, doing nothing.
From whom do you talk about is Mario Draghi. The new President of the ECB leave interest rates unchanged on Thursday, but speculation will not hesitate to cut it in the coming months if, as expected, Europe comes almost entirely in the second recession in three years. Speculation is that by mid-2012 the benchmark interest rate, currently at 1%, would fall by half, of course impacting the euro in the negative.
Tuesday's European session brings a healthy recovery of the bags, which operate mostly with gains of 1.2% on average. Mining companies are leading the rise in stocks on the old continent, and all this also gives strength to the euro, which positions quickly recovered after a strong lateralization that observed during the Asian session.
In turn, the rise of an ounce for gold up to the Australian dollar, which again exceeded the 1.03 area, in a move that, however, seems to have much time left.
And oil, which is close to $ 103 per barrel WTI also strengthens their currencies pegged, the Canadian dollar, which rose above 1.0280 at these times, and the Mexican peso, with a current price of 13, 60 is located at its highest since Dec. 12.
Without macroeconomic reports for the next hours, and the Dow Jones index futures "flying" in the direction upward, the opening of the NYSE appears as the point to consider in the coming hours.
