USD & Yen extraordinary
Yen and the dollar strengthened against the currencies of higher value because the interest rate forecast slowing economic recovery of Asia Pacific and the hard struggle of European countries to overcome the budget deficit.
Japanese currency rose today against 14 of the 16 major foreign exchange partners today after a report showed Australian retail sales shrank abruptly and New Zealand unemployment rate jumped to its highest level since 1999. Euro close to seven-month low against the dollar today because of speculation the European Central Bank will refrain from Greek deficit.
"There is uncertainty about the Australian economy to hurt the sentiments of other currencies," said Masahide Tanaka, senior strategy in Tokyo at Mizuho Trust & Banking Co., a unit of Japan's second-largest bank.
Euro weakened to as low as $ 1.384, to $ 1.584 pound, to 88 cents Ausi, Kiwi 69.62 U.S. cents. Dollar winning against all currencies today, including the yen to 90.71 level.
Australian retail sales fell 0.7 percent in December from November, the Bureau of Statistics said in Sydney. New Zealand unemployment rate reaches 6.5%. "This is a significant loss in monthly numbers, and it probably will give the tone of the weaker Aussie," said Greg Gibbs, a currency strategist at Royal Bank of Scotland Group Plc, said the sales data for Australia. "The dollar generally stronger against other currencies.
The MSCI Asia Pacific Index of shares fell 0.8 percent, ending two days kenaikan.Tersirat one-month volatility in the euro-dollar options rose to 10.6 percent from 10.4 percent in New York yesterday.
Jelang interest rates, the European Central Bank will probably keep interest rates at a record low and refrain from emergency lending measures as concerns about the deficit Greece. The meeting in Frankfurt, ECB officials will leave its benchmark interest rate at 1 percent. Rising unemployment and concerns that the fiscal problems of Greece can be spread through the region ECB complicate efforts to nourish the European region.
"There is a risk of transmission," said Juergen Michels, chief euro-area economist at Citigroup Inc. in London.
"The message Trichet will be very clear: Greece will get a fiscal package by the European Union" said Ken Wattret, chief euro-area economist at BNP Paribas in London. "But if you're in a hurry, there will be a recession in the European Union".
Deutsche Bank AG, a German private bank, the largest, reported net income of 1.3 billion euros ($ 1.8 billion) in the fourth quarter after losing 4.8 billion euros in the previous period, in a news release DGAP.
Deutsche Bank, like the New York-based Goldman Sachs Group Inc. and JPMorgan Chase & Co., recorded profits rebounded last year after emerging from the worst financial crisis since the Great Depression. "Deutsche Bank is the winner of relative crisis in the investment banking world," said Andrew Lynch, who helps manage about $ 2 billion by Schroder Investment Management in London, including Deutsche Bank shares.
Deutsche Bank shares have risen 122 percent to € 45.82 in Frankfurt trading on over 12 last month.
China is reported to increase the value of Yuan before raising interest rates, to avoid encouraging capital inflows that may stoke inflation, government officials said Zuo Chuanchang.
"Raising interest rates while keeping the Yuan exchange rate will only attract more capital," said in an interview on February 2 in Beijing.
Chinese officials aim to limit price hikes that could hinder the recovery of the world's fastest-growing major economy. China's economy rose 10.7 percent in the fourth quarter from a year earlier, the fastest pace since 2007. Shanghai Composite Index rose 80 percent in 2009 and declined this year has been driven by concerns that monetary tightening can reduce profits.
The decline on Wednesday & Thursday it was very deep. Predicted today or tomorrow, USD can weaken, to maintain market fairness.
Japanese currency rose today against 14 of the 16 major foreign exchange partners today after a report showed Australian retail sales shrank abruptly and New Zealand unemployment rate jumped to its highest level since 1999. Euro close to seven-month low against the dollar today because of speculation the European Central Bank will refrain from Greek deficit.
"There is uncertainty about the Australian economy to hurt the sentiments of other currencies," said Masahide Tanaka, senior strategy in Tokyo at Mizuho Trust & Banking Co., a unit of Japan's second-largest bank.
Euro weakened to as low as $ 1.384, to $ 1.584 pound, to 88 cents Ausi, Kiwi 69.62 U.S. cents. Dollar winning against all currencies today, including the yen to 90.71 level.
Australian retail sales fell 0.7 percent in December from November, the Bureau of Statistics said in Sydney. New Zealand unemployment rate reaches 6.5%. "This is a significant loss in monthly numbers, and it probably will give the tone of the weaker Aussie," said Greg Gibbs, a currency strategist at Royal Bank of Scotland Group Plc, said the sales data for Australia. "The dollar generally stronger against other currencies.
The MSCI Asia Pacific Index of shares fell 0.8 percent, ending two days kenaikan.Tersirat one-month volatility in the euro-dollar options rose to 10.6 percent from 10.4 percent in New York yesterday.
Jelang interest rates, the European Central Bank will probably keep interest rates at a record low and refrain from emergency lending measures as concerns about the deficit Greece. The meeting in Frankfurt, ECB officials will leave its benchmark interest rate at 1 percent. Rising unemployment and concerns that the fiscal problems of Greece can be spread through the region ECB complicate efforts to nourish the European region.
"There is a risk of transmission," said Juergen Michels, chief euro-area economist at Citigroup Inc. in London.
"The message Trichet will be very clear: Greece will get a fiscal package by the European Union" said Ken Wattret, chief euro-area economist at BNP Paribas in London. "But if you're in a hurry, there will be a recession in the European Union".
Deutsche Bank AG, a German private bank, the largest, reported net income of 1.3 billion euros ($ 1.8 billion) in the fourth quarter after losing 4.8 billion euros in the previous period, in a news release DGAP.
Deutsche Bank, like the New York-based Goldman Sachs Group Inc. and JPMorgan Chase & Co., recorded profits rebounded last year after emerging from the worst financial crisis since the Great Depression. "Deutsche Bank is the winner of relative crisis in the investment banking world," said Andrew Lynch, who helps manage about $ 2 billion by Schroder Investment Management in London, including Deutsche Bank shares.
Deutsche Bank shares have risen 122 percent to € 45.82 in Frankfurt trading on over 12 last month.
China is reported to increase the value of Yuan before raising interest rates, to avoid encouraging capital inflows that may stoke inflation, government officials said Zuo Chuanchang.
"Raising interest rates while keeping the Yuan exchange rate will only attract more capital," said in an interview on February 2 in Beijing.
Chinese officials aim to limit price hikes that could hinder the recovery of the world's fastest-growing major economy. China's economy rose 10.7 percent in the fourth quarter from a year earlier, the fastest pace since 2007. Shanghai Composite Index rose 80 percent in 2009 and declined this year has been driven by concerns that monetary tightening can reduce profits.
The decline on Wednesday & Thursday it was very deep. Predicted today or tomorrow, USD can weaken, to maintain market fairness.
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