Bulbrokers - Daily FX Analysis - Mar 22, 2011.

New 4-month high on euro

Earlier this week didn't lead to significant changes in foreign exchange markets.In the morning the euro currency moved in a narrow range against the dollar, later afternoon made more volatility, after remarks by Jean- Claude Trichet . At the meeting, ECB President again used the term "particular vigilance" in monitoring consumer prices, which raise expectations for the lifting of the BIR. On this basis, the euro rose to a new 4-month high at $ 1.4240.The continuing growth of the euro implies that markets expect the summit of the EU is successful, and to achieve a decision on measures against debt crisis in Europe. The opposite would probably lead to a …