Black Friday - 25.11.2011

US Dollar On the Black Friday’s eve (as it is the shortened day in America, the markets are open only in the morning) the Buck was chosen as “the most handsome guy at the Freak Comp”. Investors see no way to run trying to get both feet into American currency by habit. The Dollar index has finally overcome the 79 figure and now it is consolidated before assaulting 80. Euro It is a same old situation in Europe – another rating lowering for one of the countries (this time it is Portugal), failure of the EU leaders to find compromise in stabilization actions(Merkel’s speech regarding Euro bonds), other alltime highs for bond yields in sovereign countries. All of it works for downtrend for the Euro, and the trend is gaining strength and threatens to turn into a downfall. No arguments in Euro favor are seen. Yen While Americans were eating turkey, the leading rating agency S & P said that it is close to a decrease in rate for Japan. Seems like the Islanders stop being a "safe haven", as it is seen by the formal features. As far as the current Yen value is high, attacks on the Japanese currensy, which will certainly be happily accepted by BOJ, are highly expected.