The first half of the European session is characterized by extremely low activity, as market participants took a wait before the performance Fed chairman, Ben Bernanke. According to analysts from Barclays Capital, if decides Bernanke not to resort to further stimulate the U.S. economy, market participants may perceive this as a hint to a potential strengthening of the dollar against the yen, the franc and gold. However, if the Fed chairman would support the third phase of quantitative easing, it will have a positive impact on the single currency, as investors' mood improves, and the dollar weakens. Bank employees believe that if such a scenario, in pole position will be Australian and Canadian dollars, and the Scandinavian currencies. Current euro / dollar $ 1.4426.
