U.S. GDP rises, euro drop.

Euro notes the biggest monthly decline in a year against the yen and fell against the dollar since the Greek problem will be unable to meet debt obligations which make negative market sentiment further against the single currency European Union. Even the 16 major world currencies decline against the dollar reached because this Greek case. Predicted the dollar rally will continue until the non-farm payroll next Friday, February 5. The Federal Reserve President Thomas Hoenig Kansas City has asked the Fed to raise interest rates. A report showing the national economy grew in the fourth quarter at the fastest rate since 2003. Yesterday at 20:30 pm value Advance GDP q / q reaches 5.7% or higher than the market forecast of 4.5%. "Greece will erode confidence in the feasibility of the euro for a while," said Jessica Hoversen, expert analysts and foreign exchange earnings remain at brokerage MF Global Ltd. in Chicago. "There are fundamental reasons supporting the dollar. The economic situation in the U.S. look better." Euro fell to as low as $ 1.3862 and 125.12 yen during the market closure Friday, January 30, 2010.
Germany and France refused to report on January 28 in the newspaper Le Monde that the EU members researching ways to provide assistance. Prime Minister of Greece George Papandreou said in an interview yesterday that he had no knowledge of the rescue of the European Union. Sterling fell to as low as $ 1.5977 and 144.21 yen as U.S. GDP value rise. BoE is committed to maintaining interest rates at 0.5%. The yen strengthened slightly against the USD and other currencies hit as concern earnings decreased Toyota Motor Corp. the world.