Forex

The positive results of Germany’s and Portugal’s government bonds supported to the Euro currency today.

By Forex-Metal

Asian and European trading sessions:

Euro: Against the background of making attempts to force the Greek private lenders such as banks, insurance companies and hedge funds to agree to cancel 50% of the country's debt in their holding the euro was rising during the today’s Asian trading session. The EUR / USD couple strengthened to the level of $1.2805. The results of the auctions of Germany’s governments’ bonds today, which raised 3.44 billion euro for 2 years as well as of Portugal’s bonds of 2.5 billion euro with targeted 2-2.5 billion euro, were also supportive for the Euro currency’s positive trading dynamics. The EUR / USD pair continued its uptrend to the highs of $1.2852.

US Dollar: The US dollar fell against most major currencies amid the reduced demand for safe assets. The declined demand for relatively safe assets started to be appeared after the published information by IMF which informed of increasing its lending resources to $ 500 billion in order to protect the global economy.

British Pound: The GBP/USD pair traded in the range of $1.5326- $1.5385 during both sessions and recorded its European trading session’s maximum by reaching the level of $1.5394.

Australian dollar: The Australian dollar traded near its highs levels. These levels are the highest levels for the past 11 weeks. Today’s reasons for that kind of positive dynamic were anticipations of tomorrow's report on employment rate of Australia. According to the analysts expectations it would have been a growth of jobs positions in December.

American trading session:

Oil: The cost of February’s WTI futures dropped to 99.97 dollars per barrel. The Oil fell against the backdrop of rising tensions between Iran and Saudi Arabia, two major OPEC producers, and lowering the growth of the global economy’s forecasts by the World Bank.

Gold: The Gold prices were stable today and traded in a range of 1642.1 - 1661.7 dollars per ounce.