Euro and Pound strengthened after Wednesday's sharply decline
After steeply fall Wednesday the major currencies are again strengthened against the US dollar. Representatives of Asian authorities, responsible for financial-credit politics, has assured that the US dollar is playing the role of reserve currency. The comment from FRS chairman Bernanke is reported as to necessity of observing disciplines in tax-budget sphere, help the dollar strengthen. All this assisted serious strengthening of the US dollar on Wednesday on close of short-dollar positions.
However on Thursday as trades in Europe became active the dollar lost its position on board. Data pointed out that UK House Price rose in May by 2.6% that led to pound growth. The euro recorded its intraday high at the level of 1.4240 after returning to 1.42. Expected later decision of the Bank of England and ECB related to interest rates would be a factor pointing further course direction.
