Dollar back daily losses

On Monday, the Chinese celebrate the New Year according to the lunar calendar. It is believed that today there is a change, the patrons: Goats takes place Monkey. Chinese markets are closed for a week in Hong Kong - Three days in Singapore - two days.

In China, a day off, and European markets reeling. With the opening of trading in Europe, the euro / dollar exchange rate rose to 1.1183 against the backdrop of the collapse of stock indices. Risk aversion increased demand for gold and the Japanese yen as safe-haven assets.

Reduced stock indexes could cause a drop in oil prices. On the market as of 17:16 MSK barrel of Brent is trading at $ 33.64. Nikkei-225 index closed down growth at 1.10%. France's CAC 40 lost 2.21%, to 4107.74 points. Germany's DAX fell 2.45% to 9058.44 points. Britain's FTSE 100 index was down 1.76%, to 5745.40.

EUR / USD briefly stayed at the level of 1.1183. As soon as the cross-pairs followed by profit-taking on the strengthening of the euro, the euro / dollar fell to 1.1109. Pound / dollar after the update session high fell 130 points to 1.4395.

It is clear that we are seeing risk aversion, because gold has risen in price by $ 12 to $ 1177 per troy ounce. This is not all the external factors are known to explain the current behavior of currency pairs in the European session. Part of the euro and the pound presses Friday report on the labor market.

In the American session the tone for trading will be set by the US indices, because the economic calendar is empty. GBP / USD has reached a significant support on the hourly period. As part of the corrective pullback pair is able to return to the level of 1.4465, the euro / dollar - to 1.1150.

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