In the second round of the European central bank start long-term refinancing operation before, although the agencies believe a reduction in Greece and the EFSF letter, but market risk remains high emotions. Tuesday (feb. 28,) the city earlier, against the major currencies dollar pressure decline, the dollar index fell 0.18% to 78.42.
Yesterday the agencies international trust reaches out again, with one action of Greek sovereign letter into the "selective breach" and a reduction in EFSF looking to negative. The European central bank (ECB) on Wednesday (February 29) started the second round the refinancing long-term operation (LTRO), with 1.0% of the European banking ultra-low interest rates to provide unlimited 3 10-year credit, prevent the euro zone in the credit crunch trouble.
The United States will be in Beijing time 22:00 on Tuesday announced December s&p/Case-Shiller housing price index, the market expected the index will continue to fall, traders will be very keen observation to the housing market is already into recovery cycle.
In addition, the United States in January in those orders for durable goods will be announced today, the market is expected to decline 1.0%; At the same time, the United States will be released in counselor p.m on February consumer confidence index.
The federal reserve chairman Ben bernanke (FED) will be published on Wednesday in congress half-yearly testimony, the market is expected to bernanke will continue to reaffirmed the U.S. real estate market the weak condition, and current situation of the American economy make comments. In addition, investors will also focus on whether Mr Bernanke mentioned in congressional testimony in a new round of asset purchase program words.
Lloyd bank (Lloyds) said, the dollar index may further down, below directions, the main support at 77.40-77.00 area; At the same time, the area in test before, beauty refers to is also likely to reverse.
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