Societe Generale predicts a weakening U.S. dollar

According to analysts of Societe Generale, the U.S. dollar will decline until the end of March next year, given that U.S. financial authorities to continue to maintain interest rates at a record minimum, and the country is increasingly dependent on foreign investors who provide financing to the trade deficit country. The Central Bank should provide a reliable plan to reduce liquidity in the markets following the purchase of state. bonds. The Fed will keep for a long time the interest rate on the extremely low level. In addition, Fedrezerv not going to waive the policy of quantitative easing in the near future, so he was unable to convince investors that he would be able to keep inflation under control. The bank forecast a decline in U.S. currency to around 1.45 - 1.50 dollars per euro by the end of the first quarter of 2010. In Societe Generale added that this summer the dollar is likely to be enhanced somewhat. With regard to future movements in the bank have a negative projection. At the moment, a pair of Euro / dollar traded at 1.4084.

UBS: Swiss Bank's intervention will have no lasting effect

After the intervention, likely the Swiss National Bank pair euro / franc remains near the level of 1.53. However, according to analysts UBS, the Swiss Central Bank intervention will have no lasting effect. Against the backdrop of favorable economic fundamentals, believe in UBS, the Swiss National Bank will be very difficult to keep the currency at current levels against the euro over a long period of time. According to analysts of UBS, in the 3 rd quarter of a pair of euro / franc drops to a level of 1.52, while in the 4 th quarter will rise to 1.54. At this time, a pair of euro / franc traded at around 1.5295.

BTMU: yen will continue to weaken

Japanese Yen in the last couple of weeks, a few managed to add in the price against the currencies of major trading partners, but in general, the achievement of the bulls were quite limited, and currency strategists Bank of Tokyo - Mitsubishi UFJ sees risks resume falling. The bank noted that the dominant trend is bear, and in favor of conservation says that the important factor, as investment capital flows. While Japanese assets enjoyed relatively limited demand, the Japanese investors continue to invest abroad, and BTMU believe that, while maintaining the appetite for risk in the coming months they will continue to show interest in the assets with attractive returns. The bank also noted that the weakening of the yen is likely to be less pronounced in the pair with the dollar and more vivid in pairs with other currencies.

TD Securities: a one-week increase in the dollar / Canada is null and void

A pair of U.S. / Canada today is reduced to a general weakening U.S. dollar, while going back intraday minima. Support of the Canadian currency also have oil prices that have returned to the area of $ 70 per barrel. The pair dollar / Canada is likely to maintain a close relationship with commodity prices. In the absence of any meaningful data for Canada on Friday on the dynamics of couples affects a change in sentiment against the U.S. currency. According to analysts TD Securities, a one-week increase in the dollar / Canada began to lose force, after the couple was not able to secure a breakthrough level of 1.1650, and the currency is the U.S. again looks vulnerable. Now a pair of dollar / Canada is traded at 1.1520.

Analysts recommend buying the Australian dollar against the dollar and yen

According to analyst RBC Capital Markets, Australia's currency may strengthen against the U.S. dollar and Japanese yen, due to the fact that Central Australia is unlikely to lower interest rates. The bank advised investors to buy Australian dollar against the U.S. currency. RBC Capital Markets analysts also believe best buy Australia's currency against the Japanese yen with a growth-pair AUD / JPY to 82.00. Currency strategists from RBS have similar views and also recommend buying the Australian dollar against the Japanese currency with a view at the level of 79.95. At this time, a pair AUD / USD is at 0.8045, pair AUD / JPY traded at 76.65.

Calyon: a positive output statistics from a range of trading markets

According to analysts Calyon, in the next few days, currency markets will continue to range trade. The situation will change only if the data (primarily the U.S.) will come out better than market expectations - this will lead to increased interest in risky assets and will provide an additional downward pressure on U.S. currency. With such developments, believed to joining Calyon, the main advantage will be the New Zealand and Australian dollar and, to a lesser extent, the European currency.

Interest in the AUD / USD will continue to bid in Europe

According to analysts of Commonwealth Bank of Australia, interest in the Australian dollar incurred in the bid in Asia to continue in Europe. However, AUD / USD, most likely will not be able to overcome the immediate area of 0.8100. In broad perspective the Bank expects the consolidation of a pair in the range of 0.7800-0.8200, noting that the stabilization and growth in commodity prices will provide additional support for the Australian currency.

BNP Paribas Recommends buy the euro / dollar on the decline

On Friday, the dollar was under pressure at a modest increase in the level of acceptable risk. However, the main currency is not beyond the limits of the established ranges. According to analysts of BNP Paribas, attitude to risk assets continued to improve through the successful actions of central banks over the past few days. At the beginning of the trading day is most lucky euro, which strengthened above 1.4000 marks yesterday, and broke up at 1.4014. This led to the function of foot, located in the area of 1.4015 and hence further growth. "Euro / dollar will continue to grow, so we see the setbacks as an opportunity to buy" - Analysts said BNP Paribas. "In the mid-term break above 1.4175 would result in the restoration of 1.4360.

Dollar loses its position against the yen

The dollar was sold in mid-trading session in Tokyo. In particular, vendors have been observed among Japanese exporters. But by the end of the session the U.S. currency was able to partially restore the position on the background of improving the levels of acceptable risk. Dollar / yen is back to the 95.96 mark, but, according to dealers, 96.00 it is not yet a formidable task. Meanwhile, euro / yen rose to 134.82, compared with the previous minimum of 134.09.