Late in the afternoon he exchanged over 1

The euro began with spirited this week in high risk, marked by an avalanche of macroeconomic data and the meetings of the three major Western Central banks as well as the Bank of Australia. Late in the afternoon, he exchanged over 1.48 dollar, 1,4829 dollar. The single currency well rose after the publication of us statistics well above forecasts, resulting in a resurgence of the appetite for the favourable risk actions and the euro, against the dollar and the yen. The ISM purchasing managers index rose to 55.7 points in October, against 53 expected. The employment component was positively surprised over 50 "indicating creations of jobs for the first time in 15 months", said Natixis. Side real estate, housing resales jumped 6.1, while economists projected stability in September. Construction spending increased by 0.8.

The European currency had already benefited in the morning of the PMI index manufacturing in euro area, in line with expectations in October, and especially over the threshold of 50 points, which separates the growth of the contraction. Similarly, the China PMI index published by HSBC has progressed.

The book to the test

Despite the bankruptcy of CIT, this set of statistics helps to reassure operators, while the eve of the weekend had been heckled, as evidenced by the progression of index volatility VIX, over 30 points.

So far, foreign exchange dealers continue to hold their breath before the US Federal Reserve's decision Wednesday. The status quo on rates is expected, but the press release will be decrypted with attention. "Even though there is little chance that the Fed changes its communication, questions remain on this point." "The shift in rhetoric foreshadowing a movement on rates could be negative for the awards and beneficial to the dollar," said David Deddouche, strategist changes for Société Générale, which table a Euro 1.45 dollar by the end of the year. "If you see signs of end of quantitative easing, it will be positive for the greenback, but such a formulation was a low probability," says Valérie Perez, responsible for changes on the France, in Deutsche Bank, specifying that the Fed should have more impact than the meeting of the European Central Bank.

The book will be, it, the test of the Bank of England Thursday. "It is feared an extension of the program of buyback of assets, which would remember that the crisis is far from resolved", is David Deddouche. Despite the publication of better than expected PMI index, the British currency has given ground against the euro yesterday, after having recorded its best week since January, according to Bloomberg. She exchanged late afternoon to 0,9039 pence for 1 euro, against 0,8663 Friday.

In addition, the British currency was affected by concerns about the financial values. Royal Bank of Scotland said that the assignments to which the Commission could require him to proceed, in exchange for the assistance received, may be more important than envisaged at the outset. The British press was the echo of different speculation about the health of banks and assignments of the Government, while the Finance Ministry announced that three new retail banks should see the day.

Finally, the Australian currency has, it benefited from speculation about an increase in the rate of the Australian Bank, today. The Australia reviewed in net increase its forecast of growth and employment for the current fiscal year.