View night Asia/Europe weak start in Asia, in the European session the GREENBACK remained firm operated volumes descended observed a technical trade data from the Diatodos EASTERN (- 4 GMT) hours 8: 30 am, the USD Trade Balance: 8: 30 am, USD Import Prices m/m 8: 30 am, USD Unemployment Claims 10: 35 am, the USD Natural Gas Storage 2: 45 pm, Kohn, Member of the FOMC, discuss what is expected for the viernesTodos times EASTERN (- 4 GMT) 8: 30 am USD Core Retail Sales m/m 8: 30 am, USD PPI m/m 8: 30 am, USD Retail Sales m/m 8: 30 am USD Core PPI m/m 9: 55 am, the preliminary USD UoM Consumer Sentiment: 9: 55 am, USD UoM Inflation Expectations preliminary 10: 00 am, USD Business Inventories m/m overview the GREENBACK continues to advance; you have posted this morning the level of 1.3900 against the EURO, values not recorded 12 months ago against the European currency; CABLE He followed the EURO and fell, suffered lower volatility but traded ranges were modest. It was observed the presence of Russian operators on scene, influencing severely to the EURO, with stops standing at 1.3960, was also observed great pressure in the registered area of the 1.3900; minimum points marked in the area of the 1.3892 EURO. Several operators who were in short took profits. Also, several analysts estimate that the economy of the United States, will recover more rapidly than expected, leaving several operators with a view of strengthening the dollar. The SWISSY recovered, recording maximums in the 1.1417 area; several operators have bought the pair when the EURO and the pound fell. The SWISSY responded to falling oil and other commodity prices during the morning, and probably, oil will not reach the area of the $100 per barrel; given that OPEC yesterday announced a cut in production of petroleum for the next quarter. Only the pair DOLLAR / YEN fell; It recorded minimums in the area of 106.72 at the beginning of the session in New York.

The stops were generally placed on the 106.60 and between the 106.40. To my mind, the advance of the dollar today, with low volumes, is a sign that the GREENBACK is extended envelope. Despite the performance of the securities market, the housing crisis, and registered high rates of unemployment; the GREENBACK is focused on the value of crude oil, which is in records and collecting some euphoria with this. It is estimated that the American trade balance will be neutral for the dollar. With an economy in baja, I not think that there is an increase in the trade deficit. Source: Daryl Katz, Edmonton Alberta. Have a good weekend.