ST: The euro continues to trade at its minimal levels.
Euro: The concerns over the Euro-zone budget crises deepening continued to render negative influence on the euro dynamics. According to the released information, the Italian government announced of the approved plan aimed to reduce budget expenses.
In addition, the following negative Euro-zone fundamentals were released on Wednesday. The German Gfk consumer confidence survey for June dropped and turned out to be below the forecast: 3.5 against the expected level of 3.6. The consumer spending in France for April also decreased considerably.
Therefore, the EUR/USD pair showed its trading day minimum in the range of $1,2166.
US Dollar: The expectations for the US positive fundamental releases on Wednesday rendered support to the American dollar. The durable goods orders for April grew for 2.9% against the forecasted increase of 1.3%.
The new home sales for April increased as well for 14.8% against the expected growth of 3.4%. The results of these indicators definitely prove the rehabilitation of the American economy.
British Pound: The GBP/USD pair demonstrated a diverse dynamics. The sterling rate showed minimums at the level of $1.4330, but then rehabilitated to the $1.4440 mark.
Japanese Yen: Against the background of the increased demand for the shelter-currencies, the Japanese yen rate continued to stabilize.
And the USD/JPY pair continued to trade in the range of Y90,00-Y90,60, but its trading day minimums were set at the Y89,80 level.
Oil: The oil rate rehabilitated to the level of $71.30 per barrel.
Gold: The gold price also showed a minor growth and stabilization in the range of the $1,200 mark per ounce.
