The Euro also came under pressure when unfavorable news was announced. the German GDP revised down, and several traders sold euros. The Euro area recorded highs of 1.2831, and the lowest in the area of 1.2663 at the end of European trading session, both pairs, the EUR, and GBP, were within established ranges, so that understand that yesterday’s gains will not continue to the end of the week. USD / JPY also came under pressure, several exporters sold the pair in the 98.00 area, the maximum recorded JPY in the area of 98.10 after yesterday’s gains. The pair recorded in New York minimum area of 96.25 in the morning. On the other hand, the USD / CHF remained strong, with peaks not captured two years ago in the evening session, recorded maximum in the area of 1.1919, 1.1839 and minimum in what was a quiet session, compared with the other pairs. The stock market will be in the spotlight this morning, the DJIA is maintained with some downward trend. In my view, the USD will remain a safe haven because of fears over the global financial crisis, the issue of liquidity is still the central issue, and once this happens, Americans will produce the basic data a drop in the greenback.
The G-20 meeting scheduled for the weekend, you might add a pick to the majors next week. It is expected volatility before the publication of the events scheduled. This alert. The pair was on the rise, and then reverse the trend.