Author: admin   Add date: 05/01/2009   Publishing date: 05/01/2009   Hits: 4

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New York (Dow Jones) - The euro and sterling overnight to reverse the loss of the exchange rate against the U.S. dollar this morning, U.S. stock futures also dropped a number of risk aversion has been plaguing the market worried about the swine flu. Traders are beginning to regain some of their positions, they take the profits. Recently, after the euro hit a high of 63 U.S. dollars ©– 1.3, from the recent low of 1.2964 U.S. dollars a week. The U.S. dollar against the yen, which is trading near the middle of the intraday range, close to striking a seven-week low of Y124.38. British pound also hit a new intraday high against the dollar, 1.4685 U.S. dollars. British units are taking additional support, data showed British retail sales growth in the highest level since the accident in January 2008 in April. Tuesday morning, the euro, from 1.0355 to 1.3 years from 29 U.S. dollars Monday, the U.S. dollar at Y96.06 from Y96.78, according to electronic trading system EBS. The euro against the Y125.38 from Y126.22. Against the British pound from 1.4671 U.S. dollars 1.4638 U.S. dollars. CHF1.1526 dollar from CHF1.1546. Market has been worried about the aversion to risk, impact on the economy, in a financial crisis, a new epidemic. The report said that the U.S. Federal Reserve asked Citigroup and Bank of America to raise more capital to play to the market's worries. The market is worried that similar to SARS in 2003, the affected region and the global trade in general will be affected. A number of countries have banned imports of various products, the affected areas, as well as the tourism industry already suffering may reach further , UBS analyst Jeffrey Exchange in London. In addition to the Federal Open Market Committee meeting Wednesday and decided the decision of the European Central Bank, May 7, the biggest risk, the results of the market now is from the U.S. banking sector stress tests. Tuesday, reported that preliminary results show that the Bank of America and Citigroup may need to raise more capital is worrying investors. Senior managers in the two banks are opposed to the preliminary results, according to The Wall Street Journal. At the same time, the Mexican peso was still under pressure. Mexico is the epicenter of bird flu pigs and that virus is likely to 152, of which 20 were confirmed dead. Dollar against the yen rose as high as MXN14.0300 Monday, according to electronic trading system shows that, from last Friday's intraday low of MXN13.0660. Canada AM Canadian dollar against the U.S. dollar is still lower than Tuesday morning, carrying the bird flu risk aversion related to the recent erosion of support for economic growth and the resulting risk-sensitive currencies. Foreign exchange strategist at RBC Capital Markets in the note that high concentrations of risk aversion in particular to suppress commodity currencies, with the Australian dollar against the U.S. dollar sell-off has been greatly. Canadian dollar against the U.S. dollar so far has refused to sell more and more recently may still be bound by point C in a 2,170 U.S. dollars to 2,320 U.S. dollars C reference point, according to red blood cells. Tuesday morning, the dollar 1.2236 U.S. dollars in the C, C 1.2188 U.S. dollars from trading Monday.

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