The EUR/USD rises during Tuesday's session. This was facilitated by the economic data for the euro area, as well as the expectation of my head of the Federal Reserve Ben Bernanke held today. Markets expect that he will be able to shed light on the future of the program to purchase assets, as well as their timing. Economic sentiment in the euro zone data showed, improved to 32.8 from 30.6 the previous value. Markets had expected a more modest increase. Indicator for the current economic situation has also improved and now stands at 74.7 points. It's worth noting that interrupt the growth of the European currency could not even positive U.S. data on consumer prices and industrial production. The pair EUR/USD continued to the level of 1.3172, the immediate goal is the level of 1.32, which is a strong resistance. Traders should be cautious before Bernanke's speech, as his speech can have a powerful effect and the euro could change dramatically in either direction.
The Australian dollar has shown strong growth, which in the first place was due to the publication of protocols RBA. Australia's central bank in July left interest rates at a record low, while noting that low inflation leaves the door open to the possibility of further rate cuts if the economy will require additional support. This is evidenced by minutes of the last meeting of the Reserve Bank of Australia. In a protocol also states that the sharp decline in the Australian currency since the beginning of May could in time a bit to raise inflation, but it will remain within the target range of 2 - 3 percent. Meanwhile, in the minutes noted that the board also considered that the outlook for inflation, although somewhat increased due to the decrease of the exchange rate may provide some room for further easing of monetary policy, if it's required. According to the Reserve Bank of Australia, there is growing evidence that low interest rates are beginning to stimulate activity outside the mining industry. AUD/USD pair reached 0.9260 and probably goes to a level of 0.93, which seems to us - it will be difficult to overcome the level of support provided below 0.92 .
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