Thursday, July 29, 2010

The course is declining dollar to the Euro and the yen on Tuesday

Saturday, June 20, 2009, 11:08
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course of American currency to the euro and yen decreases on Tuesday in anticipation of promproizvodstvu in the U.S., reports Bloomberg.

As expected, the volume of industrial production in the country fell in May, the seventh month in succession - at 1%. The continued weakening of the manufacturing sector increases the likelihood that the Federal Reserve System (FRS) the USA will keep the base interest rate in the current range of 0 to 0.25% per annum.

value of the dollar on the yen fell to 96.48 yen compared with 97.84 yen at the market closing on Monday.

course of American currency to the euro slipped to $ 1.3815 from $ 1.3803 the previous day. This also contributed to expectations that statdannye on the European economy, which will be published on Tuesday, will be positive.

According to the experts, the index of confidence of investors and analysts to the economy of Germany in June rose to 35 points compared to 31.1 points in May.

During the bidding the dollar rose to $ 1.3749 - the highest level since 21 May. This has been helped by statements by the Minister of Finance of Japan Kaoru Jos that the credibility of the government to US Treasuries and the dollar is absolutely unshakable. In addition, he said, Japan is confident in the status of the dollar as reserve currency.

yen and the euro rose to 133.29 yen compared with 134.99 yen on Monday.

supported by the Japanese currency had improvement in assessing the country's economy the Bank of Japan.

CB at a meeting on Tuesday has kept unchanged the base interest rate of 0.1%, and stated that the economy has stopped deteriorating. Bank of Japan for the second time in recent years slightly increases the assessment of the economy which is experiencing a severe recession.

Domestic demand has continued to relax, at the same time, production and exports began to rise, increased gosinvestitsii, said the Central Bank.

Forex - Asia
Indexes in the United States fell on Monday after the commodity sector, futures desheveyut Tuesday
The Asian indexes fall on Tuesday, desheveyut shares of exporters, commodity firms
On Tuesday, investors focused their attention on the actions of the commodity and banking sectors
During the day, futures on the RTS index rose by 1.05%, close to the value in 107 of 200 items
In case of continued oil rally investors to recall the events sector
The Russian market has the potential to continue growing slowly in the near future
As of 18:00 Moscow time the volume of trades on the MICEX Stock Exchange amounted to 160.26 billion rubles
At the ruble debt market is still dominated by very vyalaya trading activity

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