Forex

Shelter-currencies received substantial push for growth

By Forex-Metal

Euro: The high-risk currencies were under pressure on Tuesday. The announcements regarding the possible reduction of the Portugal rating had a negative influence on the euro-currencies. In addition, the  Fitch Ratings agency expressed uncertainty, that the financial problems in Greece would be settled according to the deadlines.
Therefore, the EUR/USD pair dropped and fixed its minimums at the level of $1,3535.
 
US Dollar: As a shelter-currency, the US dollar strengthened against the background of the negative news from Europe.

British Pound: The Fitch Ratings agency also stated, that Great Britain should reduce their budget deficit faster, since the deficit showed a considerable growth. Consequently, the sterling turned out to be under pressure.
In addition, the RICS House Price Balance in Great Britain, which was published on Tuesday, demonstrated a substantial decrease.
And the GBP/USD pair dropped to the level of $1,4935.

Japanese Yen: The Japanese yen grew against its major competitors.
The USD/JPY pair traded in the range of Y89,70.

Oil: Due to the American dollar consolidation, the oil rate decreased to the $80.16 price per barrel, and then managed to rehabilitate.

Gold: The gold rate strengthened in the range of $1121.50 per ounce.

Silver: The silver prices decreased temporarily due to the US dollar consolidation to the level of $17.17 per ounce.