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Forex · News · Forex Forecasts

NEWS / Forex Forecasts

USDCHF, USDCAD On a background of days off in the USA, Canada and Japan main event yesterday became North-Korean test operation

16:29 10/10/2006

Yesterday due to the day off in the USA, Canada and Japan activity in the forex was the lowest.

 

The main events yesterday became statements of the President of San Francisco Federal Reserve Bank Yellen, declared that she is disturbed with rates of decrease in business activity in the market of the real estate.

Besides Yellen hinted on that, probably, Federal Reserve would have to suspend for some time process of increase of a level of the basic interest rates.

 

Another unpleasant but expected for the markets event was nuclear tests in Northern Korea. We remind that official news agency of Korea confirmed that on Monday test of the nuclear weapon was made. The agency also informed on that radioactive leakage within the limits of test did not happen.

Almost right after this official information agency of South Korea Yonhap, referring to the governmental source, also confirmed the fact of nuclear test by the neighbors.

As it was expected the President of South Korea convoked an urgent meeting of national Security Council.

 

Experts notice that the aggravation of geopolitical situation in the Asian region affected adversely the Japanese currency, which was in sales. Besides strengthening of intensity on the Korean peninsula in future can lead to strengthening of a rate of the American currency.

 

We recommend to adhere to our last recommendations: to be outside the market.

 

 

 

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19/12 21.15
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USD/CHF1.15601.1562
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