On the first day of the week, we see as the greenback advanced to senior positions majors after increasing political tensions between the U.S. and China. Recall that a few days ago, Prime Minister Wen Jiabao defended the valuation of the Yuan and stressed that the stability of its currency is a key factor contributing to the recovery of the global economy. Across the ocean, the U.S. president, Barack Obama, has expressed discomfort over the valuation of currency, informing that the renminbi rises weaken the competitiveness of the dollar in international trade, benefiting the export sector of the giant Asia. However, the greenback’s gains were tempered by concerns about the U.S. rating, after learning about an article in the newspaper “Financial Times” that Moody’s would be to announce a cut in its credit rating unless consolidate public finances more than expected by the Obama administration.

Among other things, gave sterling positions against the euro, the dollar and yen on prospects of a weakening of Gross Domestic Product (GDP) and after increasing fiscal risks in the UK. » Read more: Tension between US and China benefit the dollar