FOREX-Euro recovers vs dollar and the yen higher and trades
After the announcement euro Irish bank rescues
plenary session earlier in the lowest level in 15 years * Dollar / yen falls
* The lowest level of the Euro against the Swiss francs (for more details, updates prices, adds) fall
NEW YORK, September 8 (Reuters) – Euro loss erased the dollar and against the yen on Wednesday, Ireland’s finance ministry after the lender Anglo Irish Bank expropriation of assets, the wind split said it would be rose, but analysts markets taking lookout had said the risk.
Previously, she defeated 15-year high against the dollar and Swiss franc hit the euro zone banks and sovereign debt against the euro as worries hit all-time high for the safety of flight is requested.
“Just (Ireland) announced a relief rally in euro,” I received, John McCarthy, foreign exchange trading in New York, director of ING Capital Markets said. “But the important journey of people with problems looking to sell the euro in the euro zone did not go to a place such as sovereign debt.”
$ 0.5 percent to 1.2749 euros Euro = $ 1.2763 and $ 1.2660 previous low was a trade between a hill.
Problem concerns how the Anglo Irish Bank, Ireland [ANGIB.UL] addressed the Irish government to investors [ID from the announcement: nLDE6871VE] had to be weighed.
Euro 106.95 JPY Euro / Japanese Yen to 105.50 after earlier threatened in August to its lowest level of just under nine years to revisit = rose 0.6 percent.
YEN WATCH
seeking a temporary shelter in the yen by investors in the global trading day begins, always an important option below 83.50 yen buying dollars to push through the trigger, yet they force the Japanese monetary authorities are testing the pain threshold.
The legitimacy of this conversation until you see some real action is still in question, although the Japanese politicians “Naturally, the more rhetoric, has been unleashed,” Sacha Tihanyi, currency strategist at Toronto scotia Capital said.
Although the central bank stated that the Bank of Japan Masaaki Shirakawa President weighing his options for his unwillingness to facilitate quantitative return to reiterated. Finance Minister again if necessary, Yoshihiko Noda said he decided to enter the circuit. [ID: nTOE687026]
“Growth and Japan since the intervention must end now hopes to break the changing nature of FX. Movement speed cue … the fresh target for the dollar / yen and the euro will now 79.50 in / yen 104.50,” is the London trader said.
Dollar as low as 83.34 yen on electronic trading platform EBS on 83.35 JPY = EBS and Reuters data, its lowest since 1995, he hit all-time low of 79.75 fell.
¥ 83.90 JPY = day until you have recovered, then 0.1 percent.
SWISS FRANC IN DEMAND
Three-week Euro $ 1.2920 hit on EBS on Monday EUR = EBS, the Tuesday after a newspaper reports that the European sovereign debt under pressure is still high and reignited concerns about banks’ exposure.
These concerns include the German Chancellor Angela Merkel’s comments on Tuesday, it will damage the single currency euro in Berlin because of the uncertain recovery mechanism to support will not support that extension. [ID: nLDE6861FU]
he 100-day simple moving average at around $ 1.2670, but the euro found support early losses were limited. Technical analysts, $ 1.2605, and 50 per cent retracement support was next to the euro’s rally from May to August.
Analysts said the downward momentum needed fresh $ 1.27 following a significant moves.
“We in the last few days, but a lot of negative talk (about euro zone banks) bought a new, concrete news,” said Peter Frank, currency analyst at Societe Generale in London.
“Euro to weaken in order to keep the bad news confirmed, local media only talk to,” he said, the euro for the next big risk by adding happened Hungary, in a sense, a gaping hole to be found said that his 2010 budget. [ID: nLDE6871J1].
Euro at record low on EBS EURCHF = EBS against the Swiss franc to 1.2765 francs, a record low the previous day and fell to 1.2700 as traders do little to support graphics. Reuters data records were low =. 1.2766 EURCHF
Up to nine-month low of $ 1.0060 francs CHF = EBS and EBS fell. 1.0063 francs per day was low to Reuters data.
1.2878 francs, euros and dollars at the rate of the last 0.4 1.0095 francs, up was down 0.1 percent.
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