Euro failed to break away from the mark of 1.43
So, on Friday the Dow Jones closed lower at 0.38%, at around 9544. Thus, on the ninth trading session was interrupted by a series of eight white candles on the chart index. On Monday, futures on the Dow shows a decline of 0.68%, the price of WTI crude oil fell to 71.16 dollars per barrel. Accordingly, the euro-dollar on Friday fell to 1.4280, and today showed at least 1.4254. Collapsing optimism markedly and yenovyh pairs, the dollar-yen in the morning failed to figure, to 92.53, the euro-yen fell to a mark of 132.13. Analytical tape write that the Yen has grown because of the victory of the opposition party in elections in Japan, the ruling party in power almost continuously in the past half century, has failed. However, most of the fall of the euro took place on Friday after 22.00, without any apparent reason.
Today, a Washington-based National Association for Business Economics released a report stating that, according to surveys of economists, inflation in the United States in the years 2014-2018 the average was 3% and will exceed the Fed's unofficial target level of 2%. This is due to effects of quantitative easing, and the large-scale spending, conducted by the United States. It is encouraging that recognizes the inevitable increase in inflation, but we do not share such optimism. Given the chronic problems with the U.S. budget deficit and trade balance, given the faster growing pyramid of debt the U.S. Treasury, in the end America is unlikely to be able to avoid hyperinflation and significant devaluation of its currency. We are always writing about that in the long term (several years) the dollar will fall.
short-term situation remains favorable for the dollar's decline on the grounds that the United States reduced the need to attract capital for the near future. So, next week is not yet scheduled any auctions, except for standard weekly. But even today posted 3 months. and 6-months. bills on the minimum amount for the past few months, 30 and 29 billion dollars, for example, on August 10 was located 3-months. bills by 33 billion dollars, 6-months. 31 billion dollars With regard to the local situation, the growth of the euro on Thursday was a false start, but we continue to believe that in the coming days will fall in the dollar described in the latest review of the script.
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Euro continued to fall, currently testing 1.4280 support
Rate for the dollar has risen - the evening review of cash markets
