will probably return to 1.23-1.24 area. Operational policy advice

Bank of China Beijing Branch: June 8 Forex day assessment Market summary New York foreign exchange market yesterday, the dollar index bottomed. More intensive evening news, market trend there ups and downs, overall, the yen, the dollar will resume on the strong trend. International gold prices fell, terminated since Friday's strength, back half of the gains. Market New York foreign exchange market yesterday, the dollar index bottomed. Yesterday newsIntensive market trends occur up and down. First Spain bond auction to attract sufficient to buy necessary, laying a more generous market atmosphere, obtained the support of the euro. China announced interest rate cuts later, dominate the European market in the second half and overall market conditions in New York market early, rise in non-US currencies are encouraging. After Bernanke's speech visit the site, because no such hint of hope in the short term willImplementation of monetary policy, non-US currency changed the trend before falling. On Sunday France starting from the first round of parliamentary elections, then there is more than 10 days of intensive critical period, during this period see the site, to European debt crisis as the main line, with United States policy of quantitative easing is introduced as a byline, markets are subject to two main line traction shocks to expand substantially. Short-term, dollar index will be on the strong side, butIs $ investors bullish positions has a huge upside of the dollar index is expected to be not as good as early. Main currency trading EUR/USD: maximum price: 1.2625 lowest price: 1.2538 closing price: 1.256 euro against the US dollar yesterday after two weeks of high resistance. United States recent expectations of quantitative easing, Bernanke speakAway, this disadvantage of us $, euros will back down again. Key to the future is more than 10 days of euro-zone debt issues, has rebuilt the euro short positions in the market, holds a lot of euro short subject, more near the critical period, short of the euro increases will slow down and out of caution, market reaction to bad news will also be greater thanEnabling message responses. Those on the exchange rate, there may be features of decline slowing trend of the euro repeatedly. Seen from the technical graphics, was hit near the EUR/USD rally this time 1.26, below 1.25, will probably return to 1.23-1.24 area. Operational policy advice: bearish on the euro in early may continue to hold their positions, objectives for the time being1.24; does not recommend new Euro medium term short; difficulty may increase in short-term trends repeated operations are expected, it is recommended that wait-and-see. Australian dollar: the highest price: 1.0002 lowest price: 0.9883 closing price: 0.9894 Australian dollar rises before grave yesterday, up to the parity level fails to hold. Australia yesterday announced a strong employment numbersThe day before yesterday, also performed better than expected economic growth data, coupled with the evening China announced interest rate cuts, Australian dollars by the spate of good news to boost up, rallied well in euro, but after Bernanke's speech, Australian dollar decline is most evident. Fundamentals from Australia itself, although Australia also cut interest rates this week, but the recent good economic data before making the next rate cut probability to reduce afterAnd a good introduction of the Chinese economy, all the way to the well. But near the critical period, the Australian dollar may also have to follow the General market trend, keep synchronized with the euro and other non-US currency. Seen from the technical graphics, Australian dollar fell in 0.96 to temporarily receive support since March, and low price level become an important resistance across its rebound on the road. For now, water-0.96Support strong, as the overall market volatility increased, began at 0.96 to 1 Australian dollar may shock, not excluding the week lower on the Gill to 0.94, thorn 1.008. Gold: lowest: maximum price: 1628.8 lowest price: 1579.14 close: 1588.39 international gold prices yesterday fell endSince Friday's strength, the back half of the gains. Federal Reserve Chairman Ben Bernanke's speech on weak non-farm payrolls data on Friday caused by relaxation of monetary policy is expected to throw a ladle of cold water, gold and could again be back to the starting point. In the main two markets, European debt crisis is not very stimulating haven demand for gold, and the United States about quantitative easing policy is introduced as yellowMain reason for the trend of gold. It also makes international gold key may not turn, to the last period, if upgrading the European debt crisis forced the fed to take measures, gold is likely to usher in a new rose. Seen from the technical graphics, gold prices rebound in the end of the roughly fall below us $ 1530 usher's biggest test, does not rule out breaking under effective and will run the platform moves down to 1$ 475.