Monday, June 29, 2009

The dollar and the yen may close next quarter day decline

At the auction on Tuesday the dollar and the yen may continue to decline, which began after the publication of good data on consumer confidence in the euro area. "Appetite for risk of global investors is increasing again," - notes Samarzhit Shankar, director of currency strategy for Bank of New York Mellon Corp. in Boston. Recall that the current quarter was a record for a number of tools. For example, the Australian and New Zealand dollar showed a maximum strengthening against the U.S. currency over the past 24 years, and the SP500 stock market index has not seen the rally, like the current, since 1998.

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