EUR
The Euro sales due to information about the explosion probably will be short — dated and will be passed form the speculative market participants. However, the Euro is still continuing to demonstrate a weak dynamics considering the planned bond repayment denominated in Euro for Thursday. This repayment caused some Euro sales against yen which in its turn makes the pressure on investors sentiments. The volume of Spanish bonds repayment, dominated in Euro, will approximately amount to EUR18 bln. The pair U. S. dollar/yen growth made the pressure on the pair Euro/dollar and declined it to a sessional minimum of 1,4118. The yen dropped due to increasing of investors risk appetite within the frame of strengthening of the European stock indices which showed upward trading by 1% - 2% on Wednesday, compared to the closing level on Tuesday. The pair Euro/dollar was trading downward before the releasing of the data on durable goods orders in the USA on June. The Euro decline below the level of 1,41 against the dollar is the continuation of dollar\'s growth during the Asian trading session. The dollar increased because of the weakening of investors risk appetite in view of that the positive mood of market participants about the overcoming the global crisis had gone.
AUD
During the Asian trading session on Wednesday the Aussie plunged because of decreasing of shares quotations and the Euro weakening. The decline of the pair aussie/ U. S. dollar below 0.8200 at the end of the Asian trading session caused stop — orders to work and the closing of new long — term positions. After RBA Governor Stevens speech the investors sentiment against the Australian dollar were seriously damaged. Probably, the aussie will be healed with the tendency to grow, because there are no negative factors.
JPY
The pair U. S. dollar/Japanese yen and Euro/yen dropped due to sales from short — term market participants from Australia and New Zealand, because of Nikkei index lost its positions. The pair Euro/yen also decreased within the frame of some market participants reaction, after a few print publication announced about the explosion which led to death of several people. However, this event could not make a continuous influence to the currency market. The Japanese yen also grew against the Britain pound, as investors temporary stopped be oriented to share indices. The currencies rates showed that market participants a little bit tired of a risky trading. However, as the U. S. share indices, especially S&P 500, are starting to grow, the dollar will suffer because the traders are aspiring to higher profit.
Best regards,
Analyst: Vladimir Donin.
