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FOREX: Easter has passed, and the dollar gave up

The week began unusually quiet, but what you'd expect from a market where there are no European or American traders? Nevertheless, the dollar has remained under pressure in connection with Friday's data on the labor market. As a result, EUR / USD grew to the level of 1.3120, while GBP / USD moved above 1.5900.

EUR/USD - Flat, GBP/USD - Flat, USD/JPY - Flat
Forecast scenario for 03/14/2012
U.S. dollar on Tuesday, its highest level against the Japanese yen since April as investors have tempered their expectations for additional purchases of assets from the U.S. Federal Reserve.

Currency of the Euro against the U.S. dollar rose after the U.S. release of information in terms of "Sales of new homes."

Forex News, the euro. Week was busy for Europe - a decision taken by the Greek question, installment is selected, an agreement on debt restructuring achieved. These developments have significantly reduced the risk of default and Greece supported the single European currency. At Thursday, February 23, the euro reached a 10-week high against the dollar.

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Greek politicians now seem real heroes in the eyes of Europeans, perhaps they even consider themselves as such, but here the people seem to think quite differently. This weekend in the cradle of modern democracy, there were a truly wonderful thing. Parliament was surrounded by an incredible number of police around a hell is going on. People burned and demolished everything, expressing a universal protest against the measures. In general, it was difficult to expect any different reaction of people when slashed and salaries, and pensions, and so much more.

Gold futures climbed to their highest level in nearly two months on Wednesday on the background of the fact that investors have turned to this precious metal as an alternative to the sinking U.S. dollar after a series of optimistic global economic data.

European finance ministers continue to put pressure on private investors with whom the Greek government is in talks to restructure its own debt. In order to avoid an impending default on the country in March, the Greeks should be cause of its debt structure in a more acceptable form, as here, without cancellation of the debt is not enough. IMF and the Europeans want to lower rates on new securities to finance themselves Athens could service its bonds, that will reduce the load of the donor countries. Also, the Greeks demanded written guarantees of austerity measures and structural changes in the economy.

(Reuters) - The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.

The coming months will be decisive in determining whether European leaders can hold their increasingly fragile currency bloc together or will stumble in the face of a daunting set of political, economic and financial obstacles lined up in their path at the start of the new year.

(last updated on Jan 6 with Nov foreign trade,

industrial and construction output

and end-Dec forex reserves)