The US dollar stabilized observed in Tuesday (22/12) morning after little to loosen his muscles against the currencies of the Euro zone in the middle obscurity Spanish election results. Meanwhile, traders will look to US data to be released later that night on home sales (existing home sales) and Final GDP data.
EUR / USD steady at 1.0910 position, after gaining 0.4 percent last night amid short covering following the Spanish election last Sunday. However, the acquisition of which was achieved by EUR / USD earlier was not long because there has been no clear decision of the Spanish government about who wins the election. This raises concerns about the reform of the country's economy the strongest economy in the Euro Zone No. 4 this.
The Trading Week Ahead Sepi Vacation
"Rise of the Euro occurred in a deserted market and more movement due to position adjustments, the strengthening of the Euro does not seem to be sustainable," wrote Masafumi Yamamoto, Chief Forex Strategist Mizuho Securities in Tokyo, quoted by Reuters.
On the other hand, against the yen, the US dollar was little changed with USD / JPY which reached 121.24 yen, after moving in a narrow range a few days ago that in the range of 121.16 to 121.50. Post-meeting yesterday BOJ monetary policy, Governor Kuroda said that the Japanese economy is still in rising inflation towards the target of 2 percent, so that according to the most appropriate step at this time is not add to monetary easing, although QE activity will still be supervised and can be expanded if needed.
Near holiday season is increasingly making financial markets limit their activities and make the currency-the currency moved in a range that tight. Although it is still digesting the Fed's monetary policy last week about how the continuation of the Fed's interest rate hikes, most traders seem to prefer not to take a position on the market since at least the release of key economic data ahead of the Christmas holiday and New Year.
EUR / USD steady at 1.0910 position, after gaining 0.4 percent last night amid short covering following the Spanish election last Sunday. However, the acquisition of which was achieved by EUR / USD earlier was not long because there has been no clear decision of the Spanish government about who wins the election. This raises concerns about the reform of the country's economy the strongest economy in the Euro Zone No. 4 this.
The Trading Week Ahead Sepi Vacation
"Rise of the Euro occurred in a deserted market and more movement due to position adjustments, the strengthening of the Euro does not seem to be sustainable," wrote Masafumi Yamamoto, Chief Forex Strategist Mizuho Securities in Tokyo, quoted by Reuters.
On the other hand, against the yen, the US dollar was little changed with USD / JPY which reached 121.24 yen, after moving in a narrow range a few days ago that in the range of 121.16 to 121.50. Post-meeting yesterday BOJ monetary policy, Governor Kuroda said that the Japanese economy is still in rising inflation towards the target of 2 percent, so that according to the most appropriate step at this time is not add to monetary easing, although QE activity will still be supervised and can be expanded if needed.
Near holiday season is increasingly making financial markets limit their activities and make the currency-the currency moved in a range that tight. Although it is still digesting the Fed's monetary policy last week about how the continuation of the Fed's interest rate hikes, most traders seem to prefer not to take a position on the market since at least the release of key economic data ahead of the Christmas holiday and New Year.
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