Dollar rate European session overview

The euro / dollar was able to improve its position in the European session, rising to the level of 1.3955. The reason for this was the growth of stock indices and quotations of precious metals. Also, supported the currency pair and a slight decrease in the yield of Greek government bonds. The dollar against the other major currencies also fell slightly.



On the agenda today, the decision of the European Commission on the plan of action by the Greek government, aimed at reducing the level of the country's budget deficit, is expected. Despite the “sufficient ambitiousness” of these plans, as noted by Joaquin Almunia, a member of the European Commission, they still look quite feasible.



One of the outsiders of today's trading remains the Australian dollar, which fell to 0.8778 after the unexpected decision of the RBA to leave the key interest rate unchanged at 3.75% y / y.

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The attention of the financial community is focused on the speech of Paul Volcker, which is scheduled for today in the Senate. He is expected to shed light on the program of reforming banking institutions. On Friday, the market focus will be on publishing data on the US labor market.