Forex

The euro grew against the U.S. dollar and its others major competitors

By Forex-Metal

Asian and European trading sessions:

Euro: Today, on Tuesday‘s Asian trading session the Euro rose against the U.S. dollar against the background of report on China‘s GDP which was better than expected. In details, the report showed the increase to 8.9% versus forecasted 8.7% in fourth quarter of 2011 year. The support for the Euro currency was also provided by the results of the auction on government bonds of Belgium. Belgium attracted 2.96 billion euro with planned target of 3.0 billion euro. The EUR / USD pair during the European session increased to the level of $1.2752 and recorded its daily high at $ 1.2807 area.

US Dollar: The dollar fell against major currencies against the background of positive dynamics in the European stock markets and the growth of U.S. stock indexes. The investors were also buying the risky assets today.

British Pound: The GBP / USD couple marked the $1.5401 during the European session. The pair was mostly trading at its highs before the American trading session.

Japanese Yen: The USD / JPY pair had a quite volatile day today dropping to Y76.56 area at Asian session and raising to Y76.83 level at the European trading session.

Australian dollar: The Australian dollar rocketed sharply today at the beginning of the Asian session against a background of stronger than expected data on China‘s GDP which grew in fourth quarter of 2011 year. The currency traded at its highs against of almost all its competitors

American trading session:

Euro: The currency continued growing as well as at the American trading session after the successful result of auction of bonds of the European Foundation for financial stability (EFSF), which attracted 1.501 billion euro versus targeted 1.5 billion euro. The published by the German institute ZEW report, whose index value showed improvement in Germany and the EU as a whole had also positive influence for the trading dynamics of the Euro currency.

Oil: Today, the February’s WTI (Light Sweet Crude Oil) futures grew to 101.08 dollars per barrel.

Gold: The February gold futures on the COMEX today rose today to $1654 showing its daily high at the 1667.25 dollars per ounce.