The international currency market Forex euro continues to rise against the dollar. But already seen an obvious overheating. How long the rally will not last, and on Friday, October 1, we can expect the beginning of correction. Thus, players have two more sessions for which the euro could reach the key level of 1.38 dollars per euro. True, further to improve the game is unlikely.
On Wednesday, September 29 at 8:30 GMT the euro is trading at around 1.36 dollars / euro, and it is also difficult level, but the players are optimistic in the morning, and is likely to increase during the day continues.
But raising the British pound is less aggressive. On the eve of the data were released, according to which the UK GDP in the II quarter of 2010. By the final results, in comparison with the previous quarter grew by 1.2%. This figure coincided with analysts' expectations, and in general suggests that the economy is emerging from crisis. At the same time, market participants will remember how much re-printed pounds this cost growth, and, of course, fear of inflation.
Thus the current "shakeup" in the Forex market is primarily associated with the flight of inflation, rather than seeking a safe haven. The economy is confidently stands up, and players will start (and reasonably) afraid of depreciations.
