FX.co ★ Fundamental Analysis, 27 October 2011

The fall of the dollar against all major currencies continued liquidity during the Asian trading session. The good news, which limited the demand for the world's reserve currency, came from Europe, where leaders of the eurozone countries agreed on the main points of the program out of the sovereign debt crisis.

The first key element has been agreed to recapitalize European banks to fit candidates in about 106 billion euros by June 2012, followed by the IIF agreement with respect to a cut "voluntary" 50% of the shares of debt Greek. The third part of the solution has been the agreement to increase the fund to rescue the Eurozone in 1 billion euros by leveraging their existing assets. The plan has been pushing up Asian markets, with the Nikkei +2%, the Hang Seng to +2.3% and Shanghai Composite +0.4% on.

Wall Street opened very optimistic due to rising corporate profits caused by, including the success of Boeing Co., which have offset the fears from the summit of European leaders to resolve the debt crisis in the region.

Today we are expecting positive news from U.S. Also, where according to preliminary estimates, the economic growth rate in the third quarter was the highest this year. Gross domestic product grew by 2.5% in annual figures, after rising by 1.3% over the previous three months. The amount of personal expenses could also grow by 1.9% after rising by 0.7% in the third and second quarters respectively.