Noticas Economic Dollar – After the rise of stock-market, the dollar suffers volatileness
Yesterday, the dollar, developed a very volatile session, since the American stock market took significant gains. Dow Jones gained 240 points, or 3.5%. Partly had to that General Electric declared that if lost its qualification like AAA, the company, would not be harmed in minimum, in addition, General Motors affirmed that month will not need governmental aid east, and the improvement of the retail sales, without a doubt, impelled stock-market. This caused forts fluctuations in the American currency. Con certain currencies the dollar took terrain, but against others, like the Euro, he withdrew.
The dollar fell 100 points against the Euro and closed yesterday in 1.2924, since the investors turned upside down to assets of greater risk. Against the pound, the dollar, also fell, nevertheless, this phenomenon must to a correction of the pair. The pound gained 50 points against the dollar, and closed in 1.3918. Nevertheless against the yen, the dollar, gained 150 points and closed in 97.63.
Also, it is to emphasize that the Bank of America, the JP Morgan, and the Citigroup presented results positive, which benefitted to the stock-exchange improvement. If this tendency continues the present situation could be reverted. Perhaps and to future several investors leave the dollar, and return to invest in currencies as the pound and the Euro.
For today he is expected the U.S. Trade Balance to 12:30 GMT, and the Feeling of the Consumer of the University of Michigan (UoM) to 13:55 GMT. If the results surpass the expectations, perhaps pair EUR/USD reaches the 1,3000 to the closing of Friday.
