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Euro/US dollar: uptrend remains
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A sharp inflation rate easing in the United States added worries to investors. The markets reacted by the US dollar decline versus all majors.


The inflation rate decreasing lower than forecasted gives the grounds for a possible decision in favour of continuing the quantitative easing programme carried out by the FRS


to support the American economy. Some measures can be taken already at the next meeting which is due on June 19-20. The expectations of stimulation encouraged the euro traders.


The Europe�s single unit kept ascending. During the Thursday session the euro � US dollar pair reached the level of 1.26 US dollars.


The further growth was suppressed by the results of the long-term bond auction in Italy and Spain.


Having sold the target volume of bonds for 4.5 billion euro, Italy increased the yield along with Spain, where the 10-year bond yield exceeded the critical mark of 7%. The demand got less because of the bank crisis in the country and lowering of the sovereign credit rating by 3 steps by Moody�s international agency.


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ایڈیٹر کی پسند
Modern Hong Kong is an Asian top financial centre. Having low taxation it has one of the most ideal economic systems in the world. The government does not interfere in the country’s economy and creates favourable conditions for business start-ups as well as Forex trading. Concentrating the biggest number of medium-sized and big businesses in the Asia, Hong Kong is one of the leading financial centres. InstaForex Company has visited this Asian commercially-vibrant metropolis and presents you this reportage.
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