Spanish Election Make Euro Under Pressure

The U.S. dollar currency movement Volatilenya early trading limited week ended with the defeat by the sentiment of the result of the election in Spain make pasr hunt Euro currency. The first characterised this week there is no U.S. economic data that can give strength for the dollar index.

In early trade after yesterday opened weak continued trading weekend fell enough in correcting the rally in the 4 consecutive days of previous trade caused a collapse in crude oil prices, dollar dropped again the end of the session the United ended early afternoon.

Spanish is the fourth largest economy in the Euro Area Election 20 December and the market consider the result of the general election which was won by the majority party. The Market to see the results of this election gives the bright prospects of the economy of this country while strengthening the economy area Euro.

Monitor the strength of the U.S. dollar exchange rate against other currencies on the U.S. dollar index late trade this morning fell 0.28 percent to position 98,43 after rising to the highest position 2 weeks on the trading day on Thursday. The euro money become rival great successful rose 0,44 percent to 1.0915 position against the dollar and also rose against the yen to position 132,24.