Greece stays in Eurozone - 13.2.2012
US dollar
The last week the dollar has been fluctuating around the 79 figure. The US economy looks better than its main rivals of Europe and Japan but looses to the commodity-based Australia and Canada. It seems as if the US dollar was on its way to further strengthening up until testing the basket 81.5 level of January.
Euro
The Euro rose to 1.3240 against the US dollar and 102.80 against Japanese yen on yesterday's Greek austerity voting. Still the Euro zone is very much in trouble having to deal with upcoming problems in Portugal, Spain, Italy and Belgium. It is evident that the Greek scenario is not an option which will let the tension build.
Yen
According to released figures the Japanese economy shrank by 0.6% in the IV quarter y/y. Japan is struggling to overcome the effect of the global recession worsened by the last year's disastrous cataclysms. The GDP reduced by 2.3% y/y, which is 1% more than previously expected. The Japanese economy is expected to resume growing given the help from a number of political decisions and efforts to recover. Still the European debt crisis and expensive yen would heavily interfere the economic expansion.