Wednesday, May 27, 2009

Yen loses its position on bidding in Asia

Yen fell against most currencies higher against the backdrop of talk that is published in this week's economic reports on the United States confirm the recovery process in the world's largest economy, reducing, thus, the demand for safer assets. Analysts expect the sale of homes in the housing market has increased compared to the previous month. "If there is even a drop of optimism, the demand for safe currency begins to fall. In particular, the U.S. is most vulnerable because of the possible outflow of capital from dollar-denominated assets in more risky." Meanwhile, the euro fell against the dollar on the background conversations that members of the Central Bank as soon as possible signal of his intention to keep rates low to stimulate growth.

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