Major actions of the NYSE suffered a severe drop on Tuesday. The European currencies accompanied this movement. That may change, at least in the short term, bringing uptrends.
A set of updates, news and assumptions has thinned back to the markets, they see as slowly looked good weather in mid-September is dissipated, and gives rise to a new wave of fears about what is coming in Europe.
The Chancellor of Germany Merkel and Greek leader Samaras hold a meeting but it left nothing new. Merkel said it was favorable for Greece to stay in the eurozone. Greece asked for more time to do what it cannot manage.
The U.S. jobs data released on Friday, albeit it was very suspicious, showed a substantial fall in the unemployment rate. However, the dollar's rise shows once again that the world's largest economy is positioned ahead of other economic blocs and has no signs of reaction to the crisis.
The case of the dollar is notable. The currency is not affected by QE3. The Fed flooded the markets of dollars, but the greenback always survives, and refuses to fall, when everything is given for that to happen. The days when there was speculation that the euro would be the natural replacement of the dollar in international business have gone, in my opinion.

The Fed's Beige Book will be published at 2:00 PM ET. The information will be taken into consideration during the American trading session. With the launch of QE3 and no expiration date, with interest rates still as ever, and with inflation near zero, the vision of the American officials will focus especially on the slow economic recovery, and on the significant improvement in the labor market.