Euro: As it was published on Monday, the December index of sentiment in the euro area recovered from the November -18.8 to -16.8 thus showing an improvement. The euro rose against the dollar after the results of the Sentix Investor Confidence index. So investors reacted positively to the willingness of the ECB to support the euro through special measures, which in fact led to a gradual reversal in results of sentiment report. The mood of the market participants, in addition, improved due to achievement of the long-awaited agreement on the debt of Greece. The EUR / USD pair has been pushed up to $ 1.2996 on Tuesday’s European session after the report showed that the level of confidence among German investors rose in December. The ZEW Center for European Economic Research in Mannheim said that the index rose to 6.9 from -15.7 in November, while economists expected an increase to only -11.5. The news gave signs of started improvement of Europe's largest economy, and caused speculation that the country will avoid a recession. Also, the fact that Spain was able to sell treasury bills for a total of 3.89 billion euros, which was above the target range of 2.5-3.5 billion euros supported the single currency, which grew against almost all its 16 major counterparts. Thursday’s outcome of the result of finished two-day meeting of the U.S. Federal Reserve pushed the euro currency to new highs. Also, it rose amid news that the European Union finance ministers are close to reach an agreement on establishing of the bank union. Moreover, the single currency got pushed closer to 1.3100 levels against the dollar as the message revealed that in December Greece will receive 34.3 billion euros, and in the 1st quarter of 2013 - the new tranche of financial aid. Closer to the end of Friday the euro overcame the resistance of 1.31 and strengthened into the 1.3165$ area.
US Dollar: The U.S. dollar continued to be under pressure, as the world markets increased demand for risky assets due to some economy growth.On Wednesday, the Dollar fell to lows against its rivals on the outcome of the Fed meeting. In particular, the U.S. Federal Reserve announced the new program of asset purchases as buying Treasury bonds for $ 45 billion per month upon expiry of "Operation Twist" operation. Also, the interest rate will be kept at 0.25 %. The decisions were actually expected by markets. As the result, the dollar fell against all major currencies except the yen. On Friday, the dollar index closed with the loss of 0.9% compare with the close price of the last week.
British Pound: During the week the British pound remained traditionally high correlations with the trading dynamics of the euro against the dollar. However, there were also reports and news that effected dynamics of pound as well. On Wednesday, as it was reported by the British office of National Statistics the number of applications for unemployment benefits in the UK fell by 3.0K in November, reaching the level of 1.58 million while the economists have predicted that the figure will increase by 7K. The GBP / USD pair updated its December’s high moving up to $ 1.6148. However, the unemployment rate is still remained at the record high level of 7.8%.On Thursday, after the report showed that the majority of UK’s manufacturers see the declining in orders the pound fell on speculations that the central bank will resume the purchases of assets under its quantitative easing program. The balance of industrial orders Confederation of British Industry in December rose to -12 from -21 in November.
Japanese Yen: The yen rose against the dollar on Monday as traders eventually traded the negative result of Japan's GDP, which accordingly final data, declined in the third quarter by 0.9% in quarterly term, which was worse than forecasted decline by 0.8%.The yen fell 0.25% to Y82.78 level against the U.S. dollar on Wednesday after the Japanese government informed of the launch of rockets from North Korea around 9:49 am on Japan time. The rocket headed south, passing Okinawa and fell into the sea east of the Philippines. The driver that leaded dynamics of the currency still was the victory of the Liberal Democratic Party, which is no longer in question, and this issue provided the pressure on the Bank of Japan, which will have to implement further quantitative easing program. The USD / JPY pair set the high of the week of 83.93.
Australian dollar: The Australia's currency fell after the publication of negative statistics from China, which recorded that the exports from China in November slowed to 2.9 % in annual term from 11.6% in October and average of experts’ expectation of the slowdown of only 10 %.
Canadian dollar: The Canadian dollar strengthened after the government approved the deal of buying the Canadian Oil firm “Nexen” for $ 15.1 billion by the Chinese oil company “Cnooc”.
Swiss franc: After the UBS AG (UBSN) joined the Credit Suisse Group AG in charging the interest from its customers for their bank deposits in Swiss currency, the Swiss franc fell against the euro. Moreover, the Swiss franc strengthened against the euro after the Swiss National Bank left unchanged the interest rate of LIBOR at 0,0% -0,25%. The bank remained again that it will intervene in the currency markets to prevent the growth of the Swiss franc against the euro, in other words weakening of the EUR/CHF pair below 1.20 areas.
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