Monday, June 29, 2009

The dollar is increasing against a background of positive comments from Beijing

At the auction on Monday EURUSD cheaper for the first time in 3 days against the backdrop of statements by Chinese officials that the country has no plans to unexpected changes in the structure of its foreign exchange reserves. After the Central Bank of China Governor Zhou Ksiaochuana ( "policy of our foreign exchange reserves are always stable"), the dollar strengthened against 14 of the 16 major currencies. "The dollar will retain its status as reserve currency", - said Kojo Fukayya, senior currency strategist at Deutsche Bank AG Tokyo. - "Sales of the major CB in the near future is not expected, therefore, pressure on the U.S. currency weakened."

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