Euro: On Wednesday the euro rate demonstrated its 4-year minimum as well, as an unexpected growth. At the beginning of the trading day the German government imposed a ban on the speculative selling of certain assets, which resulted in the growing concern over the worsening European crises. Therefore, the euro rate continued to stay under pressure. But during the second part of the day, the euro strengthened against the US dollar due to the speculations, that the EC leaders would undertake certain actions aimed to support the euro currency. The rumors regarding the possible intervention of the National Bank of Switzerland also rendered support to the euro. And the EUR/USD pair grew from its minimal level of $1,2140 to $1,2400. US Dollar: The unexpected negative US data were released on Wednesday. The consumer price index for April turned out to be at the level of -0.1% against its forecast of 0.1%. As a result, the American dollar started to loose its positions against its competitors. British Pound: On Wednesday the British Pound decreased to its 13-month minimum against the US dollar due to the crises situation in the Euro-zone. The GBP/USD pair dropped to the level of $1.4230, but then rehabilitated to $1.4450 as a result of the US dollar weakening. Japanese Yen: As a shelter-currency the yen stabilized in the beginning of the trading day. The USD/JPY pair decreased to Y91.10, and then rehabilitated to Y91.50. Oil: The oil inventories growth continued to pressure the oil rate. The oil price dropped to the $68.19 mark per barrel. Gold: The gold rate also decreased to $1,207.00 mark per ounce.

Source