Oil becomes more expensive and the yen and the euro went down

Yen and euro hand over positions on background rebound the prices for oil upwards.

London (rater) – secure Japanese yen and low profitable euro have suspended growth at the day time tenders on Tuesday, as restoration of the world share markets and the market of oil assisted strengthening of raw currencies which are in close communication with movement of oil, namely australian and canadian dollar.Yen and euro hand over positions on background rebound the prices for oil upwards

The index of dollar which traces dynamics of the American currency against a basket from six basic competitors, remains practically constant. Investors show caution pending results of two-day session of Federal Reserve System USA which already started.

Investors will analyze rhetoric of the American central bank to define, what influence have rendered volatility in the world markets, reduction of prices on oil and growing concern because of delay paces of growth economy in China on earlier sounded intentions FRS to continue rate hike in 2016.

The dollar bargains almost without variations for yen at a level of 118,45 yen while the euro has decreased on 0,17 % up to $1,0832.

Oil Price since 2008
Oil Price since 2008

Besides session FRS, in the center of attention of investors there was a two-day session Bank of Japan which results will be published on Friday.

The majority of analysts and participants of the market expect, that the Japanese regulator will leave the policy constant, despite of more and more pessimistic economic data and excitements in the markets. However assumptions that representatives of bank can go on additional measures of stimulation, have amplified this week.

In the mean time, the Chinese yuan has noticeably become stronger during the tenders outside China and sale near a mark 6,6090 yuan for dollar.

The Australian dollar often used as proxy currencie by the Chinese traders, has grown in relation to US dollar on 0,6% up to $0,6998.

Canadian dollar also has added 0,9% against the American currency.

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