adridado
02-11-2005, 04:10 AM
Though a response ought to be prevented in the brief term, some service will be offered by the scenario to the money. The interest rate trends will stay against the Swiss equity of the money. All in all, the US money needs to be able to find decent service near the 1.2020 degree against the franc at the brief term, but the industry reaction on Thursday indies that there'll be quite hard dollar immunity over 1.2250. The Euro is very likely to weaken slightly farther against the franc towards 1.5520.
The US dollar pushed into a top of 1.2250 from the US money before withdrawing harshly back into a low of 1.2040 and has been approximately 1.2070 at New York together with all the dollar marginally higher in ancient Europe on Friday. The franc also gained from the Euro into 1.5555.
Security problems attracted on Thursday to focus with North Korea withdrawing from arms discussions and admitting weapons are held by it. Tensions increases and will provide some aid to the Swiss franc on political grounds that are safe-haven.
Interest rate variables will remain a significant market focus and also the return factors will often weaken the currency. Markets aren't anticipating a speed increase for March with opinion. Still equity markets that are firm will have a tendency to erode franc support that is near-term.
Analysis provided by http://www.investica.co.uk
The US dollar pushed into a top of 1.2250 from the US money before withdrawing harshly back into a low of 1.2040 and has been approximately 1.2070 at New York together with all the dollar marginally higher in ancient Europe on Friday. The franc also gained from the Euro into 1.5555.
Security problems attracted on Thursday to focus with North Korea withdrawing from arms discussions and admitting weapons are held by it. Tensions increases and will provide some aid to the Swiss franc on political grounds that are safe-haven.
Interest rate variables will remain a significant market focus and also the return factors will often weaken the currency. Markets aren't anticipating a speed increase for March with opinion. Still equity markets that are firm will have a tendency to erode franc support that is near-term.
Analysis provided by http://www.investica.co.uk