Thursday (14th), Asia late, weak dollar/Yen decline, continue to be selling pressure, short is not reduced. Dollar index refresh the 16-month low points to 74.65, Forex trading is still dominated by position adjustments and speculative trading, market uncertainty.
14:41 ', US dollar/Japanese Yen 83.51/53. Index fell by us $ 74.67.
Mitsubishi Tokyo UFJ Bank (Bank of Tokyo Mitsubishi UFJ) Exchange Manager Kuniyuki Hirai said later today and Friday (15th) of the United States economic data before publishing, dollar/Yen is still in the recent rally are down in the adjustment process.
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G20 look prevention crisis plan research economic recovery face of risk euro and dollars Lee difference or expanded RMB exchange rate insurance keep 6.53 mark concerns debt problem deterioration euro disk in the diving Singapore gold tube Council again tightened currency policy Europe debt crisis will by control Euro heavy picker rally dollars fell configuration dollars assets in the Nick of time [RMB premium][market Center]because dollars in fell below is located in 83.47 yen (200 day mobile averages) near of recent low points Hou raised has stop sexual selling , Dollar was moderate decline. Short-term speculation is the main reason for the dollar.
United States President Barack Obama (Barack Obama) on Wednesday proposed cuts in government spending and increase taxes, to control the United States budget deficit. Obama also pledged over the next 12 years to cut deficit of us $ 4 trillion.
securities Mizuho (Mizuho Securities) global economist Hideki Hayashi believes that over the long term, this message will bring support to the dollar. But Hayashi points out that, the dollar's downturn in sentiment may be maintained for a period of time, because the United States improved employment and housing markets slow, making the Fed (Federal Reserve, referred to as Fed) it's hard to tighten monetary policy. However, Hayashi said, the dollar's upward trend still is not modified.
JPMorgan Chase (JPMorgan) currency strategist Junya Tanase said the yen might further strengthen the dollar may fell below 80 Yen in a few months, as optimism about the global economy may subside, and the drop in the stock market will be selling Yen prompted investors lifted position.
