Let us see which way currencies have moved during the week just ended and what we should expect by next week.

Regarding the exchange rate between euro and dollar, we see that until just over half of the week, the dollar has gained very strong against our currency. Then there was reversed during the Thursday and Friday that led the euro to regain almost all the ground lost. Closing the week was therefore virtually in balance with the opening. Surely the figure of unemployment, worse than expected, has affected negatively on the bigletto green.

The exchange rate between sterling and U.S. dollar trend has seen a nearly constant and lateral to the day Thursday, then when the pound rose slightly against the dollar, on

which there are also macro economic data. For next week we expect a further rise of the British currency, but we guard fundamental data.

The exchange rate between U.S. dollar and Japanese yen has seen a constant trend in favor of the yen, which gained ground steadily. Also next week we expect a trend in favor of the yen, but in any case should wait for confirmation before opening new locations.

The exchange rate between euro and sterling has been steadily in favor of the British divided by market worries about the situation difficult for Greece which still held the bank. Even in England, however, there are concerns about the election of new Prime Minister, scheduled for May 6 next year, until then there may be unexpected developments in English uniform. For the next week so we are careful performance of this exchange ratio.