A single European currency in today”s Asian session, the newly updated the months of lows against the U.S. dollar against the backdrop of yet another wave of talk about an early rate hike in the United States. After two days of meetings of the Committee on Open Market Federal Reserve, as expected, decided to keep the target interest rate for fedfondam in the range of 0-0,25%, with a similar decision was not unanimous. Thus, the president of the Federal Reserve Bank of Kansas City Thomas Hoenig voted against maintaining extremely low rates. In the final communique of the Fed affirmed the intention to turn most of the incentive programs, including for redemption of mortgage bonds and agency bonds, until the end of the first quarter of this year. In early February, the regulator will also close the swap lines with other central banks. Such actions, market participants interpreted as a possible preparation of the Federal Reserve to the more traditional and restrictive monetary regulation aniyu.

As a result, today in the time of quotation main couples market fell below the psychological mark of $ 1.40 per euro. The pressure on the European currency continues to provide uncertainty around Greece as well as new rumors that the sovereign debt problem, some members of the Monetary Union threaten the very existence of the single European currency, and such an “organization” as the Eurozone (and possibly the EU). Similar ideas were voiced even in passing in these days of economic forum in Davos. On Wednesday, the cost of “insurance” against default on the obligations of a Greek achieved another record price, that only confirms the relevance of European issues.

Today, the Eurozone economic sentiment indicators disclose (13:00 Moscow time.), and there are data on unemployment in Germany (11:55 Moscow time.). It is not excluded that in the first half of the day, European market participants will continue to inertia selling euros, playing the results of yesterday”s meeting Fedrezerva. In general, on Thursday, according to our forecasts, the main steam forex market bude bargain predominantly in the range 1, 3950-1,4090 dollar per euro.

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