The dollar has fallen in price on Monday against the euro until at least 3 weeks

Written by admin on January 21st, 2010

dollar exchange rate against the euro on Monday fell to a minimum for the last three weeks on signs of accelerating the recovery of the world economy, which caused a growing interest in more lucrative currencies, reported Bloomberg.

another confirmation of the ongoing restoration of the data were China"s foreign trade: exports grew in December for the first time in 14 months - by 17,7% compared to the same month in 2008. The volume of imports to China increased by 55,9%.

euro on Monday, was worth $ 1.4509, compared with $ 1.4409 at the end of the previous trading day.

cost the Japanese currency on a European at that time amounted to 133.93 yen against 133.46 on the closing market in New York on Friday.

yen to the dollar on Monday fell to 92.31 yen from 92.66 on Friday.

"economies of Asia showing good results, while the recovery in the U.S. is not as fast as expected - says the chief trader at Mitsubishi UFJ Singapore"s Takashi Yamamoto. - The dollar will be sold in pairs with Asian and other currencies."

On Friday night futures indicated a 33% probability the Fed raising the base rate to 0,5% per annum by the end of June - instead of 60% a week ago. Yield 2-year state bonds fell for the week of 17 basis points - to 0,97%. Against this backdrop, the dollar has suffered in the first week of January"s biggest loss since November, falling by half a percentage point to major foreign currencies.

base interest rate the U.S. central bank is in the target range from zero to 0.25% in Japan - 0,1%, Australia - 3,75%, in New Zealand - 2,5%. Because of this, investors are interested in investing in Australian and New Zealand assets which offer higher returns while maintaining stability, notes Bloomberg.

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