Forex: Tuesday’s review

The yen rose against the dollar and the euro, after representatives of the G-7 said that the report on the exchange rate was misunderstood, so you should consider this situation as a sign of concern about the excessive changes in the value of Asian currencies. G-7 also noted that the concerned single solenoid yen. Meanwhile, it was announced that the matter would be discussed at a meeting of G-20, which will be held this weekend. At the same time, the G-7 promised to avoid devaluation of the exchange rate in the pursuit of economic growth.

The pound fell to a six-month low against the dollar at a time when many market participants expect lowering growth forecast by the Bank of England. Sterling also fell against most other major currencies, as the message of slowing growth, which is likely to be announced quarterly report may indicate that interest rates will remain at record low levels.

The Swiss franc was little changed against the euro, even after the Swiss National Bank has said it will continue to hold the franc against the euro at CHF1, 20, and, if necessary, will be ready to take additional measures.

The Canadian dollar was higher against the U.S. dollar, departing from the values ​​for this month, after Chinese Cnooc Ltd was authorized to purchase U.S. assets Nexen Inc, breaking the recent regulatory hurdles, completing the deal on acquisition of Canadian oil producer for $ 15.1 billion Note that the growth rates continued even despite the fact that the head of the Bank of Canada Governor Mark Carney said that the need to raise interest rates now less imminent than previously thought.