Fiscal risks in Europe continue to weaken the euro and sterling. On one hand, Greece has failed so far the European Commission approval on its plan to cut its huge deficit, whereas in the UK, increasing the prospects of a new recession, if the British economy does not cut its current debt estimated at 12.6% of GDP. As a result, the euro fell to the lowest in two weeks at 1.3503 against the dollar, while cable flirts with double-deck located at 1.4939 dollars per pound. Among other things, the dollar rallied against major majors, after parliament passed major healthcare reform in history, in what was allocated 960,000 million over 10 years to provide health coverage to 95% of the U.S. population.

For the next few hours, the eyes will be on the press conferences of the presidents of the Bank of England (BoE) and European Central Bank (ECB), Mervyn King and Jean Claude Trichet, while across the ocean, the market will be waiting to address the Secretary of U.S. Treasury, Timothy Geithner, at the American Enterprise Institute, on financial reform.

Furthermore, we must emphasize once again that U.S. has expressed its disagreement on the weakening of the yuan. On Thursday, Geithner said that China will eventually need to implement more flexible measures in its monetary policy, because the current levy, set by the Bank of China since 2008, not only detrimental to China, but also its main trading partners. According to U.S. figures, U.S. exporters estimate that the yuan has depreciated 40% against the dollar, giving its products an edge in world markets. » Read more: demand for dollars in the market