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Friday, September 14, 2012

Varies dollar against its major counterparts amid anticipation the results of the Fed meeting





Forex Pros - The dollar traded against major currencies between higher as investors remained cautious ahead of comments Fed Chairman Ben Bernanke later in the day.


During European afternoon, the dollar fell against the euro, with EUR / USD shedding 0.07% to hit 1.2909.

Market awaits the results of the Fed meeting policy later on Thursday, amid speculation that the U.S. central bank may implement a third round of quantitative easing.

Ruling paved the way for German president to ratify the European Stability Facility certain circumstances, allowing the ECB to buy bonds and move forward.

The German court said that the amount allocated to the facility must not exceed 190 billion euros, without the consent of the House of Representatives in Parliament, and said that it should remain the People's Assembly and the Shura informed of Belkrarat the Financial Stability Facility.

At the same time, the market sentiment remained supported after the approval of the Constitutional Court in Germany on the country's participation in the bailout fund, the European Stability Mechanism in the euro zone.

Rome sold at an auction of government bonds to three Aaum worth 4 billion Ao'rour against average yield of 2.75% down from 4.65% in August and the lowest price since October 2010.

Italy sold bonds maturity of $ 1.5 billion euros of debt for five years by 3.71% and bond auction of the debt owed $ 1.5 billion Aaurero in 2026 increased by 5.32%, this year.

At the same time, little changed on the dollar against the pound, with the survival of the GBP / unchanged to trade at 1.6107.

Elsewhere, the dollar fell against the yen, with USD / JPY dropped 0.25% to hit 77.66, and rose against the Swiss franc, with the rise in the dollar / franc rose 0.2% to trade at 0.9391.

Earlier in the day, the Swiss National Bank maintained the benchmark interest rate unchanged in September and reaffirmed its commitment to a minimum exchange rate at 1.20 francs to the euro.

Separately, official data showed that producer price inflation in Switzerland rose unexpectedly in August, down 0.5% after a decline of 0.3% in the previous month.

Analysts had expected inflation to fall in producer prices rose 0.4%.

At the same time, it was trading dollar mixed against its Canadian, Australian and New Zealand counterparts, with USD / CAD shedding 0.08% to hit 0.9754, and dropped Australian / U.S. dollar by 0.17% to hit 1.0447, the high NZD / USD rose 0.3% to trade at higher 0.8235.

Reserve Bank of New Zealand left interest rates unchanged at a record low of 2.50%, in a move that had been expected widely.

Commenting on the decision, said the RBNZ Alan Bollard head there was a great need to raise borrowing costs until the second half of 2013 due to the risks arising from the financial crisis in the euro zone and expectations of New Zealand's trading partners, including China.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.07%, trading at 79.83.

Later in the day, the U.S. is to publish government data on inflation
Later in the day, the U.S. is to publish government data on inflation later in the day the Federal Reserve interest rate announcement, followed by remarks Board Chairman Ben Bernanke.

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