Japanese yen rose to new session highs against the euro and the dollar on Friday morning in New York after the publication of disappointing reports on consumer sentiment in the United States for the month of August. Report agency Reuters and the University of Michigan showed that the mood of American consumers are likely to have worsened in August compared with July. These data have contributed to the withdrawal of funds from riskier currencies and purchasing their yen, which Friday is used as a currency of refuge even better than the dollar. Investors are reducing positions open in the calculation of the restoration of U.S. economy. The volume of such items has increased due to expectations created after the data on employment in the United States for the month of July. Now traders are likely to feel that their optimism was premature. The pair dollar / yen has fallen to its lowest level in more than a week - 94.42, while a pair of Euro / yen has fallen to its lowest level in two sessions - 134.41. As U.S. stocks falling in price, and the tendency of investors to the risk of weakening, more profitable assets lose won earlier position. A pair of Australian dollar / U.S. dollar fell to intraday minimum 0.8383. Prior to the start of the New York session, a couple went up to 11-month maximum of 0.8476. The pair euro / dollar has recently fallen to a sessional minimum of 1.4231. On Friday morning in New York, a pair of Euro / dollar traded at 1.4233 on EBS system against 1.4282 on Thursday evening. The pair dollar / yen traded at 94.52 against 95.36. The pair euro / yen traded at 134.53 against 136.24. A pair of British pound / dollar traded at 1.6539 against 1.6572, and the pair dollar / Swiss franc traded at 1.0718 against 1.0702. Japanese currency is rising throughout the New York session. In doing so, its growth against the euro and the dollar accelerated after the consumer price index in the United States for the month of July. The consumer price index in the United States in July, declining the fastest annual pace since 1950. This indicates that inflation is not a threat to the American economy and the Fed / Fed / USA, which will likely hold a key interest rate and yield of the dollar low.
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- Aug 19, 2009 2:09am Aug 19, 2009 2:09am
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The only way to get smarter is by playing a smarter opponent.
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The only way to get smarter is by playing a smarter opponent.
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The only way to get smarter is by playing a smarter opponent.