Comment on the situation on a market 23.12.13

The dollar is likely to continue to grow next year

Rallyof the US dollar against major currencies ended after the Fed’s decision to begin to reduce the volume of asset repurchase in January at $ 10 billion to $ 75 billion. On the eve of Christmas holidays and New Year celebrations market activity declined significantly.

Dollar’s weakening is most likely due tothe closing of positions aimed at buying the U.S. dollar before the holidays, when the activity in the markets is reduced. Но в следующем году укрепление доллара, похоже, продолжится.

With regard tothe dynamics of today's foreign exchange market, it can be assumed that the activity will be quite low. Short-term surge of the dollar against other major currencies is possible, if today’s statistics from the United States will be no worse than the forecast.

Today we shouldpay attention to the details of Canada's GDP and the index of consumer confidence University of Michigan.

Semyon Kamenski​