The dollar rose to a seven-week high against the euro

Thursday, after the European Central Bank chief dented expectations of an imminent interest-rate hike in the euro zone. The European central bank Thursday left its dominant types of interest without changes in 3.5%, according to the awaited thing. Jean-Claude Trichet, head of the Frankfurt-based central bank, said that the near supervision of progresses is necessary, but prisoner just before using of the phrase "monitoring" a phrase in the past has indicated a rise of the tariff in the subsequent meeting. Trichet also said that the bank sees loss risks the risks of the growth and upside the inflation. To see complete history.

"The market still is appraising in rise of the tariff of a 0,25 points of the percentage] in the first trimester, but before the today meeting, many waited for the rise would come in February and now it appears that it is not going to be until march," Simpson said to Ronald, director of handling of the global analysis of modernity in the economy of the action of the company/signature of the investigation.

In New York that negotiated, euro was stopped in $1.2891, was compared with the $1,2934 last Wednesdays, after falling to $1,2883, the lowest level from the 22 Nov. The dollar was quoted in 120.32 Yens, compared with 119,62 Yens, later previous to touch 120,63 Yens, the level upper from the 12 Dic of 2005.

The pound negotiated in $1.9452, compared with $1,9323, after reuniting so much as plus the one of 1% to touch to an overflow intraday in $1.9536. Sterling also jumped 1,1% against euro and 1,4% against the Yens.

The dollar changed the hands in 1.2487 francs Swiss, compared with 1,2467 francs. Euro brought 155,13 Yens, compared with 154,75 Yens. The modernity of the E.E.U.U also psychologically important level 120 met to 13 months high against the Yens, breaking, after the data demonstrated that the economic indicators that they went away of Japan fell in November and whereas the Japanese politicians impelled the bank of Japan not to raise to types of interest the next week.

Meanwhile, the British pound met shrewdly, striking 18 months high against euro, after the bank of England surprised the market with an increase of the fourth-point in its type of dominant interest 5,25%. The BRITISH dominant types of interest now are in he himself level which tariffs of the E.E.U.U. Recovery of the dollar the modernity of the E.E.U.U., which it declined 11,5% against euro in 2006, has bounced pleasant in the past few sessions, winning near 2,3% against single modernity until now this year. "The dollar done very well from the beginning of the year," said to Simpson. "If the data of the E.E.U.U continue coming inside in quite good levels, it will not be also long before we see the expectations for the rises of the tariff that begin to become more in the market advanced in the year."

"We have a ECB less hawkish this morning and perspective perhaps of a Fed more hawkish, that is giving returned to the situation around absolutely considerably in the front of the type of interest," he said, adding that the economists in the economy of the action are counting on a rise of the tariff in the E.E.U.U more advanced in the year. The financial market now does not consider any occasion of a type of interest cut through first trimester, and only one occasion of 28% of a cut with first half of 2007, the market on credit of the federal bottoms demonstrated.

The last Wednesday, the probabilities that the federal reserve at night cuts its target for the tariffs until 5% from the 5,25% were stopped in 4% with the meeting of policy of the Fed in last march and 44% with the meeting of behind schedule-June.

The dollar also drew the aid of a report Thursday of the government who demonstrated that the unemployed demands fell of the E.E.U.U the last week more than foretold, suggesting additional stability in markets of work of the E.E.U.U. The number of initial demands in the conclusion the 6 Ene of the week lowered 26,000 to 299,000, the lowest level from last July, the work department this.

The prognosis of the consensus of economists was a reading of 320.000. Greenback can extend its recent increases that Friday if the data of the sales to by minor of the E.E.U.U make fulfill "the subject of the lead demand consuming that cushions economic the smooth landing," Ashraf Laidi, main currency analyst in CMC said the markets in New York. The sales to by minor probably increased in a 0,7% of December after an increase of 1% in November, according to the economists examined by MarketWatch. Except the healthy sales car, the sales to by minor rose probably a 0,5% after increase 1,1% in November. European tariffs the ECB, that fixes types of interest to the 13 countries -- extending from Germany to Slovenia -- that the use euro, has raised to types of interest six times in the 14 last months.

"Closely together the supervision of all the progresses is of the essence to assure that the risks to appraise stability do not materialize," of Trichet said in a press conference immediately after the decision. The market "was disappointed that the ECB does not use the vigilant word" and "it did not trust to a synchronization of the rise of the tariff," specially after the unexpected rise of the tariff of the United Kingdom, said to Matthew Strauss, greater strategist of modernity in the markets of RBC capitals. "He is negative for euro."

Dollar mixed after stronger U.S. data

The dollar traded mixed against other major currencies Thursday, coming off session lows after a batch of stronger-than-expected U.S. economic releases boosted expectations the Federal Reserve would keep interest rates steady in the near-term. Greenback pared its losses against euro and rose slightly against the Yens after the information demonstrated that they rose to the sales of the existing homes of the unexpected E.E.U.U the last month, whereas the economic activity in the region of Chicago recovered more than forecast in December. A separated report that demonstrated an unexpected jump in confidence of consumer of the E.E.U.U added a certain aid.

Of �the data this morning bullish is same dollar and will more likely guard the federal reserves on the grasping for the first trimester from 2007,� said Kathy, main strategist in FXCM. In New York that negotiated, the dollar was quoted in 118.92 Yens, compared with 118,81 Yens the last Wednesday. Euro changed the hands in $1.3157, compared with $1.3115. The British pound negotiated in $1.9622, compared with $1.9561. The dollar changed the hands in 1.2203 francs Swiss, compared with 1,2259 francs. Euro brought 156,50 Yens, compared with 155,86 Yens. To see the alive currency tariffs. Michael Woolfolk, greater strategist of modernity in the bank of New York, said in spite of the last swelling of positive data, is a �remarkable deficiency follow-by dollar-buying.� �He appears that the speculative players have decided to join their real money brethren of the money in a holiday extended year-end this week, choosing not to mount another speculative attack of the dollar,� he said. �With activity winding to a close, the dollar is placed for a certain initial the next week well that it buys.�

Stronger data

Sales of the existing homes of the E.E.U.U rose 0,6% of November, to an annual index fit to the seasonal variations of 6,28 million, the national association of the Realtors this. The economists told on a drop 6,20 million. To see complete history. Separately, the board of the conference said index of the confidence of consumer of reviewed the ascending E.E.U.U to 109,0 of December of 105,3 of November. The economists counted on a declination to near 101,9 of previously the 102,9 disclosed. To see complete history. To another part, the index of the ones in charge whom they bought of Chicago sharpened up to 52,4 of December after striking a point under three years in November. The economists had hoped that the index rose to 50,9% slightly. Wednesday, the dollar fell after the united Arab Emirates said that it is gliding to diversify to his currency reserves far from the modernity of the E.E.U.U. Hair some of his losses after a report of the department of the commerce demonstrated sales of the new rose of the homes more than foretold in November.

BRITISH market of cover

The British pound rose after a report demonstrated BRITISH prices of house more strongly than anticipated. The index of prices at national level of house rose 1,2% of December as of November, improvement that expectations of an increase of 0,9%. The tariff of the year-on-year is stopped in 10.5%, the one of upper the level from the January of 2005 and raises from the 9,6% of November. The data emphasize �that the cover market follows affluent sharp� in spite of bank two of the rises of the type of interest of England by half second of this year, the analysts said in the economy of the action. �We hoped to see a retardation of the growth of the price the next year, because affordability descendent and higher types of interest must dampen demand, but are probable to at least see strong figures continued everywhere [the first trimester].� Euro found the aid after the member of European advice of the bank that governed power station Yves who Mersch maintained the rhetorician of the abundant bank that the types of interest continue being low liquidity and accommodative and that raises risks of the inflation. �No change to the tendency� To another part, the bank of governor Toshihiko Fukui of Japan said in an interview with the newspaper of Sankei that �is no change to the tendency in which the strong gains in the corporative sector are filtering to traverse to the houses.� The interview �was taken by some as attempt to do the risk market found out of the rise of the January tariff,� the analysts said in the economy of the action of the company/signature of the investigation. The Yens dismissed of a point under two months against greenback Wednesday after the agency of the news of Jiji of Japan disclosed that the bank of the will of Japan discusses probably a supply to at night raise its target of the tariff of calls of the key by 0,25 points of the percentage to 0,5% in its meeting of following policy in January. But the modernity of Japan came under certain pressure after the data of the government sent Thursday demonstrated that the Japanese industrial production rose in a 0,7% less-that-wait for of November month of previous, marking the second month of increases. The economists had hoped that the industrial production demonstrated to 1,2% increase the month.

Dow, S&P and Nasdaq up on benign inflation data

The action of the E.E.U.U rose Friday whereas the domestic data of the price of consumption tranquilized investors who the inflation was under control and the immovable economy will grow strongly enough to support the fairness market. But the declinations in the parts of the energy, that had risen in recent days, stopped the advance of the market.
The investors pushed previous the Dow to a registry overflow intraday after more robust information of the gains, particularly of the companies of the technology, more and more maintained to the favorable feeling on the economy of the E.E.U.U. Parts of marinates Systems Inc. (Nasdaq: ADBE - the news) gained 5,2 percents to $42,92 in the Nasdaq after the manufacturer of the software of the design Thursdays disclosed higher benefits behind schedule and a perspective of the first trimester according to the prognoses of Wall �street.
More details to see. It marinates contributed the majority to the advance of Nasdaq 100. The report of November on the E.E.U.U. The index of price of released consumption worries the force about the federal reserve must reassume raising of types of interest to maintain the inflation check. The CPI and the base CPI, that excludes the food and the energy, were without changes as of October, the work department this. �The report demonstrated that the prices of consumption were without changes and that is a good thing. People think that they do to the Fed that raises tariffs and that we will have solid growth in first and the second trimesters,� a perspective that helped stock-market, said to Anthony Conroy, main retailer with BNY brokerage, a unit of the bank of New York in New York. Nevertheless, sliding the action of the energy it contained some of the increases of the markets, retailers this.
The industrial average of Dow Jones (^DJI - the news) was upon 32,29 points, or of 0,26 percent, in 12.449.05. The standard index and of poor men 500 (^SPX - the news) was upon 2,07 points, or of 0,15 percent, in 1.427.56. The index composed of the Nasdaq (^IXIC - the news) was upon 4,24 points, or of 0,17 percent, in 2.458.09. Parts of the companies that operation is tied close by to the economy, as General Electric Co. (NYSE: GE - the news), rose after the data. GE threw upon 3,4 percents to $37,45 in Stock market of New York. It aligned whereas greater advancer of 500 S&P ' s as the impetus took it through technical levels, pushing the action an overflow of two years in $37.50. GE was the greatest contribuidor to the ascent of the Dow, followed by Honeywell International Inc. (NYSE: HON - the news).
The parts of Honeywell gained 2,3 percents to $43.65. Product range of Honeywell of the electronics from the cockpit to the systems of the temperature-management for the buildings.
The parts of oil fell, and the index of the oil of Chicago of the board of the interchange of the options (^OIX - the news) before declined almost 1 percent, lowering behind the overflow of the course of the reached life the day. The index became loose to the new file Thursday like parts of important components, including Exxon Mobil Corp. (NYSE: Xom-News), always rose to their higher levels. Friday, Exxon was under 1,5 percents in $77.53.

A group of small brokers hope to block NYSE-NASD linkup

A group of small brokerages wishes to block a fusion between the private regulators, to say is a way of backstairs so that bigger companies strip smaller companies of their energy in forming regulations. At the beginning of this week, NYSE Group Inc. said their unit of rule would double their operations of the company of brokerage in NASD, the dog greater private guardian of the brokerage of the nation. The movement is meant to reduce the cost of conformation with the regulating laws for the companies that are supervised by the NYSE and NASD, that tend to be greater brokerages. But Richard Goble and members of his group, the association of the financial industry, see this supply like part of a ampler problem: bigger companies are supporting the regulations that can excessively be heavy for smaller runners, to make them harder so that they survive. �The big companies are trying to grow taking the share from market of the smallest individuals,� Goble this.
They give right to vote by or against this fusion, but those members can be unconscious the members of NASD, that regulates all the runners of the securities in the United States, of something of the fine impression in the combination, said Goble, Co-founder of the association of the financial industry. For example, smaller companies will be able to only vote by three of the 23 positions of the board of the combined organization, whereas now, the members can vote by 15 of the 17 points of the NASD board, Goble this. Under present rules, the big and small companies each one also have a vote, so smaller companies can choose theoretically as much whereas 100 percents of the points available of the NASD board. Howard Schloss, spokesman for NASD in Washington, C.C., said that the composition of the board was the result of negotiations with the NYSE. �The substantial and diverse representation looked for NASD of the industry,� and thinks that it reached it, Schloss this.
Goble and the members of their group, the association of the financial industry, disagree and see this supply like part of a ampler problem: bigger companies are supporting the regulations that can excessively be heavy for smaller runners. NASD less has about 5,100 members, of those who near 4,600 are relatively small, with 150 runners or. The big companies, that they have more than 500 runners, explain 75 percents of the runners and 80 percents of the yield in the industry, Schloss of NASD this. A majority of voting of the members must approve the fusion so that it goes through. Goble says, typically, to near 2,000 members votes and it is hopeful his group, the association of the financial industry, can at least form 1,050 votes against the fusion. Goble sent a letter that requests that the members vote against the rule. NASD also plans to pay $35,000 to all their companies registered on the closing of the distribution to recognize the savings of cost of the combination. But it does not have sense so that smaller companies give for above as much, said to Jed Bandes, president of the mutual confidence Co. Of the securities of America, that signs is a member of the association of the financial industry. �It is right nonworthy of her,� added Bandes.

The GBP and EUR is getting expensive in comparation with USD

The economy of Great Britan rise with 0.7% on quarter 3 in comparation with quarter 2, and the rate of economy rise with 2.7%, under 2.8% who was the estimate of analist.

The rising of 0.7% was taken in consideration by Bank of Englend when was taken the decision to rise the rate of interest at 5%. Spend was rise with 0.4%, on the 3 quarter. After this news, the GBP appreciate toward USD on 1.9340 dollars and EUR elapse the 1.3 dollars for the first time from April 2005. EUR it�s still continue the appreciate toward the USD as a matter of fact the European Central Bank will expensive the interest in 2007.

EUR was rise in this year with 10.3% toward the USD once with the rise of economy registered in EUR zone.

The forex course

This week the forex course kept high at 1.2950 despite the rumours who said that the forex course will be a little low at 1.2750

The forex course

Last week was a week in wich grew when the forex course was high in 1.2877 and for the week who come it possible to touch the 1.2900 or 1.3000

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