Friday, August 27, at Forex made drastic change in mindset of investors. Following the very negative macroeconomic statistics from the U.S. Department of Commerce data out of the country (US Department of Commerce) on GDP, demonstrating that all is not so bad. But Fed chief Ben Bernanke, in turn, promised new incentives for the economy. Against this backdrop, investment in risky currencies became interested players. Euro continued to rise against the dollar, and on Friday and Monday. However, bidders rarely believe words, and at the beginning of the week for players started thinking about what had in mind the American Ministry of Trade and head of the Fed.
Recent macroeconomic data for the U.S. indicate that the multiple drivers of economic growth the country is not in the best condition. First, banks will not lend to business and investment in the economy is not growing. Secondly, judging by the low inflation and high unemployment, consumer demand also remains very weak. Few previously reported that the situation with exports from the United States, too, is not the best way. Finally, the backbone branches - construction, according to statistics has, in a state of severe depression. Due to what the GDP in the II quarter of this year grew by a significant 1.6%, one can only guess. Apparently, the entire rate increase due to government spending. Calms the only one: released on Friday GDP figures were only preliminary. After they refine the growth of the economy is likely to be revised downwards.
Naturally, B. Bernanke, too, could not disappoint the markets. He promised to pump up the American economy with cheap money (that will ensure the growth of GDP) and to fight deflation. Common words head of the Conservation Reserve monetary policy allowed players to continue buying risky currencies and assets. However, even Bernanke himself could not help but note that "the central bank has not yet determined the criteria or grounds for further action." Thus, the Fed has tools for pumping the economy with money, which will lead to artificial rise in GDP, but the levers start organic growth, the authorities seem to be no.
