Forex Secret

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The market fell slightly against the dollar in cautious market

The euro lost some ground against the dollar on Thursday in a market again his breath a little after its surge yesterday, and the decision to wait on the eve of the release of key monthly report on employment and unemployment in the United States.

By 1400 GMT (1500 Paris), the euro bought $ 1.3556 against $ 1.3564 around 2200 GMT on Wednesday.

The euro fell against the Japanese currency to 123.24 yen against 123.54 yen late Wednesday.

The dollar fell slightly against the Japanese currency to 90.95 yen from 91.05 yen yesterday.

For the last trading day traders opted for caution, earn some profits and made their accounts at the end of a busy month in the foreign exchange market, brokers noted.

Last date of expression observed volatility in the markets in January, the euro rose to $ 1.3587 Wednesday, its highest level since November 2011, by renewed optimism on the economic outlook for the euro area has been driven during the greenback by the announcement of an unexpected decline the U.S. economy in the fourth punished quarter of 2012.

"If the numbers (ADP employment in the U.S. private sector for January published Wednesday, ed) proved better than expected, they are still in the table of an economy that creates jobs at a pace slow" be careful feeding the dealer before the official numbers on Friday, noted Michael Hewson, analyst at CMC Markets.

Moreover, "the major currency pairs are now stuck in a narrow range, a typical movement on the eve of" this very important report to assess the strength of the recovery in the world's largest economy, said Adam Cole, an analyst at RBC.

Furthermore, like other financial markets, the Forex market. Little reaction to the announcement, the widely expected, the continuation of the great financial support from the Federal Reserve (Fed), the economy of the country

The Fed on Wednesday confirmed all its monetary policy measures designed to support the country's economy by maintaining its policy rate near zero and their purchases of financial assets amounting to $ 85 billion per month.

Its Monetary Policy Committee (FOMC) has estimated that. Economic growth for a few months off

Thursday traders digested higher than expected initial jobless claims in the U.S. last week, and the slight decline in inflation in December.

For its part, the yen against the euro and the U.S. dollar Wednesday after falling to its lowest level since May 2010 or (¥ 123.86 per euro) and June 2010 (91.41 yen to the dollar stabilized), but was through the easing of monetary policy by the Central Bank of Japan (BoJ) weakened.

By 1400 GMT, the British Pound was up against the euro at 85.65 pence per euro, against the greenback at $ 1.5818.

The Swiss franc rose slightly against the euro at 1.2344 Swiss franc against the euro and remained virtually unchanged against the greenback at 0.9110 Swiss francs to the dollar.

The ounce of gold finished at $ 1,674.50 at auction for $ 1,677.50 on Wednesday morning.

The Chinese currency finished at 6.2190 yuan against one U.S. dollar for 6.2204 yuan yesterday.
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