Few weeks ago, after NFP (Non Farm Payrol ) report, US dollar gain was huge. Whole market started to talk about interest rate increase. Last week FOMC (Federal Open Market Committee) report gave clear picture about excellent USD results. Around 68% is probability that we can see interest rate increase in December based on several polls.
The European Stability Mechanism , intended for the rescue of heavily indebted Eurozone members, has approved today the payment of a new tranche of aid to Greece in the amount of two billion euros, after the country adopted a new austerity measures.It has approved the payment of a new tranche to Greece, after her late August paid EUR 13 billion.
Greek parliament last week passed a new austerity measures that include raising taxes on wine and raising tolls, and less protection for the citizens of mortgage loans.Athens wanted to find a way to about 70 percent of homeowners protection from seizure of real estate, but the creditors considered that the level is too generous and sought to be protected by only the most vulnerable.
This week we will have several important reports for US dollar EUR, GBP and AUD, as we can see in Dukascop…