Before after the Christmas and new year holidays, most light this week on Friday, Asia's emergent striking fluctuations in currency markets in the morning, euro-dollar Bourse rose, suddenly without warning pulled 132 points, equivalent to 1.2%, but in 2 minutes and then return to calm.
Euro Asia about rising 0.8% at 1.0570, but intraday high came to nearly 1.07 price was the highest since December 8. The DailyFX reports, due to fluctuations not brings trend changes, cool look at the dramatic situation of the market.
Ilya Spivak, currency strategist believes that when the light trading, non-liquid market, there will be some "Zoom effect", but no surprise. Some people have argued that, this could be the result of program trading.
Due to exceeded 1.0500 points, led to some increase in the buying process. Overall, the dollar is weakening recently due to rising, relative strength of the euro.
Bloomberg reported o Sheng Bank of Japan foreign exchange and commodity Japan Director Shigeki Yoshitoshi believes that market volume is very small, maybe some parts of the change, but basically, "no news", has helped to rise against the euro. Dollar fell against the Japanese yen in Friday morning at 116.27, down about 0.2%.
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