The JPY was the most volatile currency, the USD / JPY minimum recorded in the area of 105.02, following the publication of GDP during the morning, but later recovered reaching 106.20, managed to stay in the area of 106.00, and is expected to pass more volatility in coming days. The GBP and EURO, both were under some pressure given the lows during the week. The Swissy reached the 1.0900 area, but the loonie minimum recorded at the end of the day, apparently the USD will remain under pressure until more information is taken with respect to the financial rescue plan. In my view, we observe the same behavior in the market until it is realized the bailout – in one way or another. The discussion focuses on the final details of how the rescue bill, and will soon be subject to a vote to be late to practice. Apparently, on Monday, is estimated to reach consensus, but in my opinion, it is not easy to achieve that consensus.
It is estimated that the USD will start lower on Monday, and the stock market will remain under pressure. Comments The couple was under some pressure, had ended unchanged to slightly higher, double action was observed overnight. It is estimated that the pair will continue to rise while the data do not favor. The stock market was low because it is not yet concrete economic rescue plan, which ended up pushing the greenback.