After a short pause, the main currency pair is dropping again – sympathy of investors remains on the side of the USD.
On Tuesday morning, the euro/dollar is testing the next multi-year lows: the current trading is around the 1.0799 mark, and that is the "low" since September 2003.
And while Monday passed quietly, and the main couple even tried to stabilize and rebound slightly, the session on Tuesday promises to be more active. The Dallas Fed Chief Mr Fischer, whose authority on this post ends next week, yesterday said that the Federal Reserve should not be late with the decision to increase interest rates.
This remark hurt the market players: the regular meeting of the US monetary politicians will take place next week, and the new mention of the rate was another speculative point for the market.
But investors have only just calmed down after the speech of the head of the Federal Reserve Janet Yellen, who recently told Congress that the time to change the rate has not yet come.
But the topic of the spread between the interest rates of the ECB and the Fed excites bidders, regardless of whether it is talked about or not. This week, the European regulator began the asset purchase program, which will run until September 2016, and possibly longer. This will put further pressure on the European currency in the coming days.
RoboForex Analytical Department