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Australian Dollar Rise to the Top Position in 8 Days Sustained Increase in Commodity Prices

fxbom.com
04:00 PM

On Friday morning trading the Australian dollar exchange rate continued to rise against the dollar. Aussie has increased for two consecutive days and reached the highest position in eight days amid expectations that commodity prices will increase in the future.

Commodity-based currencies rose significantly against the dollar after U.S. economic data showed an impressive condition. This resulted in the expectation that the economy will improve so that demand for commodities will also increase. Aussie leads the weekly gain against the dollar.

Euro Drop to Lowest Position, Since January 25 in Middle Possible Failure of Aid Greece

fxbom.com
01:28 PM

Movement of the euro in trading today again has decreased significantly. Euro getting worse, falling for five consecutive days against the dollar on fears the failure of the second phase of assistance to Greece.

Yesterday the euro area finance ministers to the conference via telephone. At the conference it was revealed that some countries are still hesitant and reluctant to provide additional assistance worth 130 billion euros to Greece. They especially are still not sure about the term-term budget cuts in the plan approval in Greece.

Euro Strengthens Limited, Action Combustion Worsen Outlook Greece

Euro exchange rate on intraday trading in the spot market edged up 12 pips observed, or about +0.12% from opening price (00:00 GMT). The position of the exchange rate was observed rising from a low of +28 pips today and runs exchange rate in the range of 103.73.

Monitored market responded positively to the approval of budget austerity plan by the Greek parliament, which is a prerequisite for obtaining funding assistance in addressing the debt crisis in the country some 130 billion euros.

Euro Strengthens, Aims Best Performance In 39 Days

fxbom.com
01:49 PM

In the forex trading the Asian session today (08-02, 03:28 GMT), generally observed Euro moved higher against several other major currencies, respond positively to progress in Greek debt negotiation process. In the Euro index chart, the value of walking observed in the range of 103.29, and shows the movement of approximately + edged up 0.07% from opening price today (00:00 GMT).

European shares trade in general also observed a positive response to these developments. Euro Stoxx 50 Pr thin closed up +0.25% and up from bearish territory, CAC 40 INDEX also closed up +0.18% thinner. While the DAX INDEX closed down -0.16% thinner.

Euro Strengthens, Expect Improvement in the German Production Sector

fxbom.com
03:33 PM

In the European foreign exchange trading session this afternoon, the euro moved higher in general observed for several other major currencies. In the U.S. Dollar index chart, the value of walking observed in the range of 102.53, and show an upward movement of about + 0.07% from opening price today.

Fxbom.com market analyst told the briefing session ahead of the U.S. this evening that the Euro has the potential to strengthen the European session, as expectations of economic improvement in Germany to restore investor sentiment towards the euro.