Foreign Exchange Market Finansy01-08-2009 Trader forecast: August may bring "American" growth Current Week was able to change the "sleepy" trend in the global currency market. Attempts to break the defense of the dollar the euro is finally crowned with success. According to analyst Alexander Kuptsikevich such arrangement is possible, and next week, and in August we will see $ 1.38 per euro. However, in what the U.S. will need a cheap dollar, and current attempts to increase will be wiped out. Starting in February, the euro is in an upward trend, if we evaluate it on average between the maximum and minimum each month. The average value from the February high of $ 1.2855 has grown to $ 1.4061 in July, indicating a strong bullish tone, which will be able to continue in August. However, the U.S. currency on the week, still managed to slightly strengthen against the euro. Moreover, as the analyst FG "Kalita-Finans" Andrew Gangan, for the first time in a long time the correlation between stock indices and the dynamics of the main pair of the Forex market was not so obvious. A couple of times the dollar strengthened to its competitors, despite the rise in stock indexes.
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