The formalization of candidacy in the June 12 presidential tonitruant of Mahmoud Ahmadinejad might cause tension term in the region, affecting the dollar, if it were to be reelected. For now, hope is placed on the foreign exchange market, the traders wanting to believe in restoring a climate of trust. Any geopolitical tensions should not come thwart their plans.

This week was particularly crucial in the currency markets. In fact, all investors were waiting for very many meetings the publication of the results of resistance test conducted by the U.S. Treasury out of 19 banks across the Atlantic. Although they were to be officially published Thursday, the American press has largely echoed since Monday leaks that were conveyed. As they indicated, on the nine institutions listed, ten are to rise in the coming weeks for funds to cope with rising unemployment and the crisis of the real estate market. In total, nearly $ 75 billion that should be sought. Among the banks involved include Citigroup and Bank of America. This last Friday published its strategy to meet the 33.9 billion dollars of capital to face a possible escalation of the crisis. However, Ben Bernanke has wanted reassuring, noting that U.S. banks have enough capital and welcoming the initiative taken by the Treasury which has lifted the veil on the U.S. banking system and thus reassure investors and individuals.

In anticipation of this announcement, the yen had largely shown up since Monday, taking advantage of the palpable anxiety in the foreign exchange market. The decision of the European Central Bank was also widely expected Thursday, the day definitely crucial to all traders. Anticipating a rate cut, the traders had already made provisions so that the euro has shown declining against the dollar before the press conference by Jean Claude Trichet and then quickly resumed. Jean Claude Trichet, on the one hand, left the door open to further rate cuts, which was well received by investors and has also announced non-conventional measures to revive the credit in the area euro.

These ads have ultimately benefited the single European currency over the weekend, capitalizing more on the unemployment figures in the United States. The only glimmer of hope on the U.S. labor market, the U.S. economy has destroyed fewer jobs than expected in April. Contrast with Australia, which is entered into recession, and displays a decline of 0.3% unemployment in the month of April with 27 300 new jobs created.