Japanese Yen, Swiss Franc and U.S. Dollar Grew Due to Increased Demand for Safe-Haven Currencies.

Asian and European trading sessions:
Euro: Expectations for the weak macro-economic data of the EU region, which will be released this week out pressured the Euro currency today (in particular, the expected further decline of the German Ifo indicator and the PMI index). The EUR /USD pair fell to the area of ​​$1.3428. Later, during the second part of the European trading session, the EUR/USD pair was able to partially recover to $1.3475 area, but pressure still remained.

US Dollar: The US Dollar buyers were supported by decreasing European stock markets and the negative dynamics of major U.S. futures. Concerns regarding the situation in EU provided support for the dollar as the currency with the safe haven status.

British Pound: The GBP/USD pair dropped below $1.5650 level to its daily lows at $1.5612 area. The main reason for that was the released announcement of the British Prime Minister Cameron who stated today that during the next week the Government will present the scale scheme of credit easing, as Great Britain must address the problem of its own debt.

Japanese Yen: Upon the results of today's trading the Japanese Yen rose against the majority of currencies. The demand for safe assets increased against the rumors that the Democratic Party committee of the American Congress probably won’t be able to agree on the reduction of deficiency in US during the today’s meeting. The USD/JPY pair traded between Y76,75-Y76, 98 levels.  

American trading session: The Euro grew after the report on Existing Home sales in the US which had also supported the US stock market. The EUR/USD strengthened and reached the level of $1,3540, which almost covered losses during the previous trading session.  

Swiss Franc: The Swiss Franc grew against its competitors in connection with the withdrawal of investors’ investments from the risky active assets and its increase in the demand for the “safe-haven” status currencies.

Oil: The WTI futures on NYMEX closed at $97,06 for barrel with downturn on 71 cents.

Gold: Continued its downtrend that had started last week. The today closed price hit the $1676 level.