Bin Laden can lower the dollar

It seems that the dollar really withstands the tradition “step forward, step back,” the analysts of the Broker Creditservis IR noted. Yesterday, the American currency once again rose above the level of $ 1.21 (to $ 1.2088).

President of the Federal Reserve Bank of San Francisco, Janet Yellen, said yesterday that "inflation in the United States is steadily holding on the upper half of the permissible range with risks of strengthening." The application was perceived by the market as a green light to continue the increase in the rate, although foreign exchange traders were tired of playing at the statements of the Fed officials and are waiting for specific statements from Alan Grinspin. In general, the statement yesterday supported the dollar at the previous day and even slightly pulled the dollar up, despite the data on the reduction in the number of construction in the United States by 8.9% in December, signaling the cooling of the real estate market and creating vague prospects for the dollar for the future.

An important role in the movement of the dollar is played by the “swing” of the stock market, which began with the massive reporting due to the high dependence of the United States on the stability of the functioning of financial markets to ensure financing the deficit. Yesterday, the stock market behaved obediently, and the dollar relaxed a little against this background.

Today, there are still reasons for concern in the form of a new threat of attacks in the United States by al-Kaeda, about which Ben Laden broadcast on the Al Jazeera channel. The dollar may decrease today against the euro within 0.3-0.5%.