The Euro grew up on speculations that the PSI program would be completed on Friday.
Asian and European trading sessions:
Euro: The Euro grew up on speculations that the PSI program would be completed tomorrow thereby will allow Greece to receive the next tranche of financial assistance. The EUR / USD pair made a really good jump reaching the highs of $1.3277 level by the end of the European session and picked up almost 150 points. The anticipations that Greece will be able to attract enough investors for completing the PSI program was supporting the Euro's positive trading dynamics against almost all its competitors and adding optimism among investors.
US Dollar: On the backdrop of publication of Fed report, the U.S. dollar fell against major traded currencies. The Fed stated that it is preparing to provide additional stimulus to the economy.
British Pound: The Bank of England decided today to leave interest rates unchanged at 0.5% in line with expectations. The GBP / USD pair reached the highs of $1.5828 during the European trading session.
Japanese Yen: The yen fell against all major currencies after the publication of a report on Japan's Current Account Balance. The Current Account Balance confirmed Japan economy biggest deficit since 1985 in January totaled 437.3 billion yen, which meant that the Japanese yen is losing its status of a safe haven currency. The result was much more than analysts had expected to see, the amount of 320 billion yen. The USD / JPY couple continued climbing up reaching new highs and strengthened to the level of Y81.70.
New Zealand Dollar: The New Zealand dollar rose against all major currencies along with rising Asian stock markets and increased demand for high-risk assets. The support for positive trading dynamics of the currency was also provided by the New Zealand's Reserve Bank which left the interest rate unchanged at 2.5 %.
American trading session:
Euro: The Euro continued its uptrend rising amid speculation that Greece will be able to attract enough investors to carry out the program PSI. According to recent reports, 75% of investors may participate in the Greek bond swap.
Oil: Oil continued to grow on the second consecutive day amid signs that the sanctions against Iran will cause an unstable situation at oil market on the background of decline exports from the country. April WTI Oil price rose to $ 107.16 per barrel today.
Gold: The pressure on the U.S. dollar that provokes the sale of the currency and increase demand of taking risks supported today for the Gold futures. The price of the April gold futures reached the level of $ 1703.70 per troy ounce.
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