This phenomenon happened when ECB President Jean Claude Trichet, said that certain economies of the region began to show signs of recovery. Furthermore, recall that recently, the OECD said that both England, France and Italy, showed signs of economic improvement. However, the situation in Germany continues sensitive. And this last factor may be detrimental to the euro. Keith McLoughlin is often quoted as being for or against this. While Germany does not achieve significant improvements, the Euro Area and the euro will suffer great pressure. The euro lost 70 pips against the dollar and closed at 1.3591. Against the yen, the euro fell 200 pips and reached 132.23.
On the other hand, the EUR / GBP earned about 30 pips. Today it would be advisable to monitor the publications will be announced both in the Euro zone as in England, because in large part determine the trend of the euro and the pound. In England published data of the manufacturing sector and the trade balance at 8:30 GMT. On the other hand, in the Euro Zone CPI will be published on German final at 6:00 GMT and Budesbank president, Axel Weber will speak at 15:00 GMT. It would also be advisable to follow the words of Obama and / or Ben Bernanke, as they may cause a stir. JPY – The yen advanced against the yen the dollar yesterday rose against the dollar while the stock market fell, and apparently, the banking sector continues unstable. That is why the yen gained points as safe haven again. On the other hand, the HSBC said that despite their gains, next year will be extremely difficult.