Diverse dynamics ahead of the holidays season.

Euro: On Thursday the euro strengthened and demonstrated maximums at the level of $1.3150. The euro received positive influence from the confirmations of the Government of China regarding their intentions to support the rehabilitation of the European economy.
US Dollar: In spite of the factors that rendered support to the euro on Thursday, the greenback managed to strengthen temporarily as well. When the released information confirmed that the Irish bank Allied Irish received 4 billion euro as the necessary financial help, the US dollar strengthened.
British Pound: The sterling was supported temporarily after the statement of the Bank of England regarding the possible increase of the interest rates. The GBP/USD pair reached the maximums of $1,5430.
The GBP/USD dropped and showed minimums at the level of $1,5369 after the statement of the representative of the Bank of England, Paul Fisher, that the British economy was expected to fall.
Japanese Yen: The USD/JPY pair traded around the level of Y82,80. The greenback was weakening against the yen.
New-Zealand Dollar: The New-Zealand dollar showed growth after the announcement of the Minister of Finances that the country’s economical growth would increase next year.
Oil: Increase of the US oil inventories pushed the oil prices higher to the level of $90.67 per barrel during the morning trading on Thursday.
Gold: The gold rate also grew and showed maximums at the $1388.50 mark per ounce. Later on the price decreased.

American trading session:
British Pound: The sterling managed to rehabilitate and by the end of the trading day the GBP/USD pair grew to the $1,5430 mark.

This is the last newletter for this year. The market reviews and analysis will resume on January 5, 2011. We wish all our customers happy and successful New Year 2011!