Author: admin   Add date: 05/01/2009   Publishing date: 05/01/2009   Hits: 0

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* Yen hits 7-week high and the euro, a new high on U.S. dollar * Swine flu fears lead to reduction in the risk of a bet * A sense of panic to see the destruction of the global economic recovery * Fiat owns 35 per cent of the reorganization of Chrysler - Wall Street Journal By the Director of Noguchi TOKYO, April 28 (Reuters) - The yen climbed to a seven-week high against the euro and one-month high Tuesday against the dollar worry that the outbreak of swine flu prompted investors to reduce their high-risk bet on the currency . Australia and New Zealand dollar fell sharply against the yen and the dollar due to the uncertainty of the potential impact of bird flu on the global trade and consumer confidence. Australian and New Zealand to benefit from in the past few months, because the market wants to be a global recession has turned the corner. Influenza virus has caused as many as 149 people in Mexico, and the World Health Organization announced Monday close to the first influenza pandemic, 40 years as more and more people are infected in the United States and Europe. Hurt the bird flu panic Mexican peso fell to near one-month low against the U.S. dollar after the crash the day before to after the worst performance of the exchange rate in the 6 months. However, the peso trade is limited, due to thin liquidity in the Asian market. Speculative players betting on their views, fearing the spread of swine flu would undermine the global economic recovery, see the stock market hit the travel and merchandise, said, a senior foreign exchange trader at a Japanese bank. The euro fell a low of £¤ 125.24 trading platform EBS, its March 12 the lowest level since a decrease of 0.7 per cent from New York trading Monday. Dollar exchange rate fell 0.4 percent to a month low of £¤ 96.26 yen. The euro fell 1.3 percent to 0.2 years against 13 U.S. dollars, the rebound from an earlier low of 1.2996 U.S. dollars to buy the account from Asia, dealers said. Market participants said that the Wall Street Journal reported that Fiat (FIA.MI: Quote) will eventually own 35 percent after the restructuring of Chrysler will help clear the fate of a number of uncertainties, the United States automobile manufacturers business, as well as to reduce the security to buy yen. [ID: nWEN7949] After the news, General Motors Corp. rose Monday when the struggling General Motors announced a restructuring, investors hope the company will continue to live, because it attempts to ensure that government funds. [NN27530348] But dealers said that at present is still too early to the requirements of the overall impact of the Wall Street Journal reported that they were watching the United States short-term direction of stock index futures, Japanese yen and U.S. dollars. U.S. stock index futures fell 0.9 percent SPc1 markets in Asia to provide support for two types of currency dealers said. They added, however, they do not want to bet a lot in advance a series of public holidays in Japan, beginning in the day. Under pressure to keep selling the euro after falling the previous day at the European Central Bank Governing Council member Ewald Nowotny said the euro-zone interest rates will remain low for some time, the central bank is ready to use unconventional policy, if necessary words. Australian dollar against the U.S. dollar fell by 1.2 to 67.71 yen x3cAUDJPY = R, the minimum of four weeks. Percent against the U.S. dollar New Zealand dollar fell to £¤ 53.43 x3cNZDJPY = R, its March 23 the lowest.

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