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World Currency: euro decline, with the space intraday lows, the yen
Author: admin   Add date: 05/01/2009   Publishing date: 05/01/2009   Hits: 8
New York (Dow Jones) - The euro fell further against the U.S. dollar and the Japanese yen in New York trading session on access to a broad sell off high-risk jobs. Emerging markets and other risk-sensitive currency assets fell against the dollar worries, Mon swine flu and its potential impact on economic recovery. The euro failed to hold above last week's rally point 3.3 thousand U.S. dollars, as the dollar benefits of flight safety. After the euro touched a low of 93 U.S. dollars ¡ð 1:03 Monday morning. It also fell to intraday low of Y126.55. Mexican peso has been the most severely affected, though. MXN13.7310 dollars up to Monday's intraday low from Friday MXN13.0660 electronic trading system showed. The euro is under pressure of the mixed-signal, the European decision-makers. On the outside of the International Monetary Fund this weekend, the European Central Bank Governing Council member Nout Wellink told Market News International, the World Bank should consider reducing the benchmark interest rate lower than 1%. Jean-Claude Trichet, president of the European Central Bank may provide a clearer speech scheduled for 0:45 Monday U.S. Dollar. Analysts added that before the caution can be returned to the market, a large number of the U.S. Treasury Department this week issued. In addition, the position is still very light in foreign exchange, according to the latest commitment of the international monetary market, business reports, the risk of abetting the rapid open higher capital gains last week. British pound also fell, and reverse most of its rise against the dollar in the past week. This is a sell-off gross domestic product data, reported last week, marking its largest since 1979, decreases. Monday morning, the euro in mid 1.3 98 U.S. dollars 1.3257 U.S. dollars from last Friday, the U.S. dollar at Y96.65 from Y97.17, according to electronic trading system EBS. The euro against the Y126.57 from Y128.79. Against the British pound from 1.4594 U.S. dollars 1.4679 U.S. dollars. CHF1.1497 dollar from CHF1.1390. CHF also stronger against the euro, the common currency earlier fell below CHF1.50, to test the determination of the Swiss National Bank to maintain monetary inch curb The euro in recent trading CHF1.5068. In the Swiss National Bank, in March to intervene to weaken its currency in the first 15 years, has indicated that it had to do a good job once again to intervene vigorously, if necessary - but it did not take any action. Many analysts expect the central bank to maintain its commitment to Switzerland. Canada AM Canadian dollar lower against the U.S. dollar is in line with the more moderate the tone to avoid the risk of the morning of 22 global markets, but better than many of its peers. Canada's currency rose steadily to close at the top of the half-year since the beginning of trading last week, this momentum is to maintain a risk that the currency is likely to face the challenges of 1.2 C dollars ¡ð ¡ð ¡ð soon the field. In addition to the problem of swine flu, we are still more constructive the Canadian dollar against the U.S. dollar's recent performance, said foreign exchange strategist at TD Securities in Toronto. Monday, the dollar 1.2150 Canadian dollars, from 1.2 years C 88 U.S. dollars late Friday.
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