Approaching the end of the week, the currency market offers us a more excellent trading opportunities, then we knew in the monthly report from the European Central Bank (ECB) that the current interest rates are appropriate and inflation remains moderate . As a result, the first reaction of the euro has been to depreciate against the dollar 50 pips, while at the sterling and the yen weakened 15 and 45 pips respectively. Among other things, the dollar has gained momentum against a basket of currencies, after publication of the Beige Book from the U.S. Federal Reserve (FED), where again the monetary authority again referred to a modest economic recovery, although stability depend on the labor and housing sector, central themes that have wreaked havoc on the American country.

For its part, China is not surprising we disclosed after the Gross Domestic Product in the first quarter of 2010 has exceeded expectations, as it fell by 11.9% when estimated a recovery of 11.5%. However, although the data is significantly positive, we must be attentive to the statements that might herald the Chinese government to control the risks of overheating in the economy, as well as a change in monetary policy to curb rally inflation. Remember that tomorrow starts the Summit BRIC (Brazil, Russia, India and China) in Brasilia. Among the topics to be discussed are the global financial crisis, economic recovery and development of the Yuan currency has been on the core issues after Washington press for a future revaluation. It should be noted that the group, constitutes 20% of the economy, 42% of the population, 14.6% of GDP and 12.8% of global trade, rather than data taken into account. » Read more: Loonie recorded minimum of 22 months against the Dollar