Training the world's major currencies in the Asian auctions on Monday have remained virtually unchanged, as investors are not in a hurry to conclude deals in anticipation of the publication of data on the growth of American economy, to follow developments in stock markets.
On Sunday, the head of the U.S. Federal Reserve Ben Bernanke said that the unemployment rate in the United States will be high, even after over the next few months in the U.S. economy will end the recession. According to the President of the Central Bank, to maintain the unemployment rate unchanged want economic growth at about 2.5 percent.
Data on U.S. GDP will be on Friday. According to analysts, the U.S. economy in April-June quarter dropped a fourth row. Such a prolonged recession has not been observed in the history of statistics, ongoing since 1947.
However, many experts expect that over the next quarter in the United States to begin growth. It is predicted that the U.S. economy declined in the second quarter to 1.5 per cent year on year, down 5.5 per cent reduction in the first quarter.
Maybe the market thinks that what's good for the United States, good for risk in general, - said Sue Trinh of RBC Capital Markets.
In a few months, the dollar fell on good macro-economic indicators of United States: investors who believed in ending the recession in the global economy, began to invest in assets that they thought should be the first to grow when the economic recovery.
Shares of Russian companies traded in a good plus, in the leaders - paper Uralkali (7.57%)
In the best performing Tatneft, VTB and Sberbank , added 4.7%, 3.9% and 3.8% respectively
Overview of the oil market for 24.07.09
Comprehensive program for Foreign Affairs of the European Union has begun proceedings in the reception of Iceland Union
Danilishin: Ukraine plans to increase exports to Morocco sunflower oil, and meat and dairy products
IMF on 28 July will consider the allocation of Ukraine 3rd tranche of credit stand-by
NBU: Banks Armagh and National loans can be sold to domestic investors
Analysis - Results of the day
Forex on the European session