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Monday, September 30, 2013

The situation with the U.S. government can stimulate the strengthening of the pound and the euro


Danske Bank analysts point out that this morning for forex traders is given quite saturated. Experts emphasize that the resignation of the U.S. government could be imminent.
Key quote:
"A number of analysts believe that with the increased pressure on risky assets is a growing market demand for the U.S. dollar. However, given that the Fed may again postpone the cuts program of incentives, as the termination of the government may have a negative impact on the sustainability of economic growth, instead, we expect demand for the yen and the Swiss franc. "
"The pound and the euro can also count on the support. However, with respect to the euro, the political problems in Italy could affect the course of EUR / USD. This morning quotation USD / JPY and EUR / CHF declined, and in our opinion, the risk of further movement in that direction. "