The European news have supported euro: the evening review of market FOREX

The euro has managed to improve on June, 30th the positions concerning competitors. Support to uniform currency was rendered by news from Europe. The volume of the demands submitted the European banks on credits ECB for a period of three months has appeared considerably below expected that has weakened anxiety concerning shortage of means at banks for refinancing of the debts.Meanwhile, the European financial problems and conversations that they can brake restoration European and economic, have considerably impaired a little positions of euro which in II quarter can lose more than 9 % concerning dollar. From the beginning of year of euro oslab to dollar more than on 14 %. Quarter losses by the uniform European of currency to yen can make an order of 13,5 %, to pound – more than 8 %.

Affect movements of rates of exchange on Wednesday the American statistics can. In the USA data ADP on employment in a private sector, an industrial index of Chicago and the weekly data from Ministry for the Power Generating Industry on change of stocks of oil and mineral oil today is expected. Under forecasts of experts, the number of workplaces in the American companies in June has increased by 60 thousand after May growth on 55 thousand, and here from industrial sector wait for new disappointments. It is expected that the industrial index of Chicago current month has fallen to 59,0 with 59,7 in May, signalling about activity delay. From the industrial index ISM which publication is planned on Thursday, also wait for negative dynamics. According to forecasts, in June value of the indicator has decreased to 59,0 with 59,7 in May.

The American data has a little worsened recently. Ministry of Trade of the USA was reconsidered by growth of American gross national product I quarter prior to 2,7 % in annual expression from earlier declared 3,0 %. Essential decrease in May was shown by habitation sales. End of some the state stimulating programs became one of the reasons. Data Conference Board has specified in considerable decrease in consumer trust.

To a present situation June losses of the American dollar concerning yen make about 3 %. From April till June the dollar can concede to the Japanese currency of an order of 5 %.

Pound sterling positions in June have improved. On monthly results the British currency can add more than 3 % against dollar and euro.

The Russian currency has conceded 0,19 % to dollar and 0,06 % of euro. The dollar official rate to the rouble, established by Bank of Russia since July, 1st, makes 31,2554 in comparison with 31,1954 for June, 30th. The euro exchange rate to rouble makes 38,2097 against 38,1863. Cost bivalutnoi baskets (0,55 US dollars and 0,45 euros), calculated on Central Bank rates, has grown for 4 copecks in comparison with June, 30th and makes 34,38 roubles.

In June the rouble has fallen in price on 2,29 % concerning the American currency and has conceded 1,47 % of euro. Cost of a basket of currencies has increased by 40 copecks.


The euro exchange rate to dollar on June, 30th at 15:35 Moscow time has made $1,2274 in comparison with $1,2188 in the evening on June, 29th in New York. The euro exchange rate to yen has made 108,92 against 107,98. The Euro exchange rate to pound has made 0,8170 against 0,8091. The euro added on 0,7 % against the American currency, 0,9 % concerning yen and 1 % against pound. The dollar exchange rate to yen has made 88,73 against 88,60 on Tuesday. The pound course to dollar has made $1,5030 in comparison with $1,5067 in the evening of a previous day. The British currency conceded to dollar of 0,3 %.

During the auctions in Asia and a part of the European session of euro was a little above a mark of $1,22 after appreciable easing concerning the basic competitors in a previous day. Participants of the market waited the information concerning three-monthly credits ECB to the European banks. Fears about possibility of occurrence of deficiency of liquidity served one of the factors putting bearish pressure upon uniform European currency.

ECB has informed on receipt of demands for three-monthly credits from 171 banks. The volume of the extra means given ECB to banks, has made 131,9 billion euro. Thus, demand has appeared much less, than experts expected. Figures more than 200 billion euro the day before were called, and some did not exclude that to banks can be demanded about 300 billion Euro has reacted to the message growth to $1,2278 that on 0,7 % above pair closing on Tuesday.

Now the attention of investors will be chained to how the European banks will pay off on debts with the European Central Bank. On Thursday banks should pay off under 12-month's credits in volume of 442 billion euro.

The macrostatistics on Wednesday as a whole while has done without unpleasant surprises which was much for last week. Unemployment in Germany in June remained at level of 7,7 %. Thus the number of the unemployed was reduced to 21 thousand to 3,23 million persons and there was minimum since December, 2008 an Index of business confidence of Italy has decreased to 96,1 with 96,4 in May, but value has coincided with forecasts of experts. Consumer inflation in an eurozone in June was slowed down a little more than it was expected, having made 1,4 % in annual expression against 1,6 % last month. Economists predicted a rise in prices for 1,5 %.