Forex: Tuesday’s review

The euro rose to the strongest against the dollar since December 2011, breaking with the important technical level, which was associated with an increase in risk appetite among investors. The single currency also strengthened against the background of European stocks that have reached the highest level in the last two years, as there were signs that the financial crisis in the region is weakening.

The dollar fell against most of its 16 major counterparts, as many market participants expect statement from the Federal Reserve, which will help to assess the direction of future policy.

Japan's currency rose against the dollar, as a report showed that confidence among U.S. consumers fell in January, more than expected, while leaving to the lowest level in more than a year. Note also that the strengthening of the yen earlier was due to the fact that many investors have stated that according to their forecasts, the couple will not fall further.

The New Zealand dollar rose for the first time in four days against the U.S. dollar after the Bureau of Statistics said that the annual trade deficit narrowed to NZ $ 1.21 billion ($ 1 billion) for the 12 months ended in December, compared with a revised deficit on at NZ $ 1,39 billion a month earlier. Note that the projected deficit economists had to make NZ $ 1,87 billion

The Canadian dollar strengthened against the U.S. dollar, after falling to a four background that the currency could not fall below a key technical level. Meanwhile, the relative strength index for the currency against the U.S. indicated that the recent drop was too big.