The dollar started to fall today and continues to fall with the beginning of the Asian session.
In absence of especially significant fundamental news over the USA in the center of market’s attention today there will be congressional elections. Traders sell dollar expecting results of elections though results of election are not predetermined yet, however many analytical agencies forecast scale defeat of Republicans.
According to data of sociological poll- 51% of ordinary Americans prefer Democrats and want that the majority in the Congress were for the party of opposition.
President Bush supports actively candidates from his party - Republicans. Observers consider that Republicans will lose the majority in the Congress, however they have a chance to keep the majority in the Senate.
The instrument of large caliber in elections from Democrats is the most probable applicant for a post of the US President - Hilary Clinton. Democrats prepare for a resolute revenge. Some analysts suppose that if the opposition receives the majority in representative branches of authority democrats will likely initiate impeachment of the President.
One of the most important mistakes of Bush Administration as democrats consider, strategic mistakes in Iraq, causing a direct loss to the United States. At meetings with voters Hilary Clinton declared that in Iraq the USA lost respect of the world community, they ceased to be afraid of the USA.
Democrats also make a complaint to Bush's Administration in the economic plan. Record falling of rates of economic growth in the third quarter to 1,6 % - became the main kernel of criticism of home policy of Republicans. Democrats consider that it is result of incorrectly chosen strategy of carrying out of home policy as such significant falling of rates of economic growth happened on a background of favorable external terms - falling of energy prices and favorable weather conditions - absence of strong hurricanes and forecasts of warm winter.
"We need the government which will work for us not against us. We need the government, ready to invest in people, in ideas, in our future and belief in the United States of America! " - Barack Obama, the senator from state of Illinois, declared.
The dollar fell against euro even despite weak data on German economy, one of components of EU economy.
Factory orders in Germany showed unexpected decrease that points out that the economy of Germany started to reduce rates of growth. As Ministry of Economics and Technologies informed volumes of orders in September dropped to 2,5 % against 3,7 % of growth in August, this first falling of this index for last 4 months. Economists forecast falling only by 0,9 %.
Technical picture. The euro has practically won back falling, after Friday positive releases on Employment in the USA. However quotations keep being in a zone of balance.
