* Japanese yen to strengthen a wide range; aerospace revenue decline in high-risk foreign exchange * Increased risk aversion, the Wall Street Journal report of BoA, Citigroup * Swine influenza, fear continues to suppress popular * The result of concern about the increase in stress testing the Bank of America (Updates prices, an increase of the quotation marks) By Mortimer½ÜÎ÷¿¨Äª LONDON, April 28 (Reuters) - Japanese Yen to strengthen doubts Tuesday that the United States banking sector dealt another blow to the capital needs of the emotional risks, investors have been worried about the economic impact of the outbreak of bird flu. European stock markets dropped more than 2%. Early to help the yen - is usually a time when the proceeds to improve the risk-averse - rose to a seven-week high against the euro and one-month high against the dollar. Dollar also rose, as investors sought the currency is generally considered safe, but the currency is considered high risk, such as the Australian and New Zealand dollar fell sharply. The Wall Street Journal said that the regulatory authorities of Citigroup (Citigroup) and Bank of America (BAC.N) they may need to raise additional capital, based on early results, the Government of the stress testing of banks [nBNG118035]. The report sparked worry about what these tests will be fully revealed by the results published in the May 4, and complexity of risk-averse investors over the prospects of new bird flu hinder global economic recovery. The story and the story of influenza, Citigroup and Bank of America are terrified of the market, CMC Markets analyst James Hughes said. We will have to wait until the results of stress tests, and on May 4 also worried because Citigroup and Bank of America is not necessarily the most serious blow, he said. At 0945 GMT, down 0.7 per cent of U.S. dollars against the yen to £¤ 96.00 yen, close to the previous low of 95.63 a month. The euro fell against the Japanese currency by 0.7 £¤ 124.98 x3cEURJPY = R, 7 weeks earlier touched a low of around £¤ 124.38 in the trading system EBS. Against the U.S. dollar, the euro was steady at 1.3 years and 21 U.S. dollars against the U.S. dollar, the dollar index was up 0.1 percentage points to 85.703. DXY. Regarded as high risk in the currency, the Australian dollar fell 1.1 percent to 0.7019 U.S. dollars against the United States x3cAUD = and hit one-month low of around Yen £¤ 66.87 x3cAUDJPY = R. New Zealand dollar against the U.S. dollar declined by 1.6 to 0.5558 U.S. dollars x3cNZD =. Flu Worried about the outbreak of swine flu, in Mexico may develop into a pandemic and put a stop to any fragile economic recovery, continued to suppress the risk of mood. Influenza virus has caused as many as 149 people in Mexico and spread to Europe and Asia may be. World Health Organization has lifted the warning phase of the epidemic 4, show that the global outbreak of deadly danger. [ID: nN27476506] Mexican peso fell to a low of nearly a month x3cMXN = against the dollar after the crash the day before to after the worst performance of the exchange rate in the 6 months. Not surprisingly, this is the Mexican peso has been the worst affected, but the threat of a pandemic, a comprehensive foreign exchange to sell and market participants to run the coverage and diving to the dollar and the yen a safe haven, Calyon currencyÌر´ÄÚÌØanalyst Stuart said in a report. Peso x3cMXN = about June 14 quoted U.S. dollars, according to Reuters data, has touched intraday low of 14.099, the lowest since the beginning of this month. Later in the session, the latest Standard x26 Poor's Case / Schiller housing price index for the United States in time for release in 1300 and the United States consumer confidence data released 1400GMT. Preliminary German inflation data will also be supported, with the regional data show that the prices so far in April [ID: nLS783792]. Wednesday, investors will focus on the U.S. Federal Reserve policy decisions, but to focus on what kind of center the European Central Bank will make a decision next week. European Central Bank expected to cut interest rates by 25 basis points to 1.00, and will likely announce some form of additional non-conventional measures to stimulate the economy, but uncertainty still is that they will determine the [European / interruption].
|
You are here:Forex Home
-> Forex Trading
-> Content
Category: Home
-> Forex Trading