As for April 27th, the Japanese Yen and the Swiss franc are considered safe-haven currencies, which will most likely be on the rise. The riskier dollar currencies, like the New Zealand and Australian dollar are already falling and will keep falling all day.
Some experts think that for this week Germany will cause some weakening of the Euro, as it has been reported over the weekend, that the country’s system of banking owns over 1 trillion of USD worth of risky assets.
The market will keep staying focused on economic information, but the possible impact of swine flu will influence both the dollar and the euro to lower against the yen.
The British pound will remain pretty much at the same level (from USD1.4550 to USD1.4535, USD1.4530).
During the day the Euro will remain under pressure, because of swine flu and other older factors (like the German survey report and other events, which happened last week).
A very important issue, influencing the situation in the foreign exchange market, especially the level of US dollar, is the situation in the American banking sector, where stress tests of the banks are now conducted, and the results should be announced at the meeting of G7 in Washington.