Comment on the situation on a market 05.12.13

On Thursday on a trading session US dollar is traded in a narrow range against other main currencies, because investors expect publication of data on the employment market in US on Friday. This data can make the beginning of the reduction of the purchase of government bonds closer that is done by the Federal Reserve System. Investorshave so far refrained from large positions, and will scrutinize the revised data on U.S. GDP in the 3rd quarter and weekly data on applications for unemployment benefits, which will be published later on Thursday. Investors will also pay attention to the evaluation of the European economies, which Central banks of the Eurozone and the UK will provide.

Analyst Andrew Batenski