In Forex began Correction - Dollar was to give ground against the euro. If even the night before for a euro gave U.S. $ 1,26, then the morning of Thursday, August 26, euro-zone currencies quoted at around U.S. $ 1,27 The trend correction of a technical nature: the outer background is still depressing.
So, on Wednesday in the U.S. went out the information that sales of new buildings in the country in July decreased by 12,4% compared with the value for June, totaling 276 thousand Analysts also expect that the July figure will be at the level of 330 thousand
Of course, these data only repeat information that appears on Tuesday,: the American housing market downturn begins again. But this time, the market response to statistics which came out was completely the opposite: the dollar went down. At the same time he began to give way to a position only risky currencies - the euro and pound. At the same time against the yen the U.S. currency has strengthened. So one dollar was worth 84.76 yen.
Thus, the Forex began correction of the dollar against major world currencies. This has led to surge of optimism in commodity and stock exchanges. However, there are technical correction is unlikely to last long. Most likely, next week will strengthen the U.S. currency.
