Yen has strengthened its position against the 10 key Asian currencies, as well as increased in price relative to European competitors and the U.S. dollar. The dollar also benefited from demand, yielding only in the growth of the Japanese currency. The main theme of the week are the results of stress tests of American banks, which holds the U.S. Federal Reserve. At the edge of the topic is the situation around the Bank of America. In doing so, investors fear that the results of stress tests can be found that about 10 banks will need to attract additional capital. Such concerns form the demand for asset security. This fact is clearly reflected in rising prices of U.S. treasury bonds. Yield 10-year bond fell to 3.15%. The weakness of European currencies, among other things, due to expectations of reducing the refinancing rate as a result of the ECB meeting on Thursday and fears that the ECB will start to buy debt to prevent the sharp rise in the euro zone.
Wednesday, May 6, 2009
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