At the end of last week euro achieved practically the next key level - 1.43 dollars. However already this week dollar bulls managed to win back the losses and made the euro to recoil to marks close to 1.41-1.40 dollars.
Reasons for this recoil were expectations of positive news on the US labor market and also concern of European politicians about hike in euro.
European politicians let know about increasing anxiety that the euro rate is at top the eigth day in a row. "Exchange rate of euro makes us worry" - the Prime- Minister of Luxemburg Juan - Clode Junker said.
Minister of Finance of France Kristin Lagard said that together with Ministers of Finance of other European countries plan to settle problems connected with euro rise. "The nearest future I will offer my colleagues to exchange opinions and to start a common initiative. I would like all countries of Eurozone to share France's position" - Lagard noted.
It is necessary to note that France is the first country in Eurozone which began "to sound alarm" due to high euro rate vs. dollar, yen and Chinese yuan.
The dollar is supported by expectations of positive data on the US labor market. Let's remind that previous employment data in the USA for the first time for the last four years showed that the number of payrolls in the US economy did not increase but dipped according to the monthly employment reports of Department of Labor. Nonfarm payrolls in the USA were down 4 thousand in August, 2007. The last decrease in nonfarm payrolls was observed in August, 2003 and forestalled the next wave of large downtrend vs. dollar.
Now analysts expect the rise in payrolls up to 100 000 according to data for September.
On opened positions: stop on euro is held at a fixed profit at a level of 1,4099.
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