23:02:09
The dollar resumed its decline and rushed Friday to a minimum. Timid attempt recovery was stifled by fears about the Government's Plan for Citigroup Inc. According to dealers, markets, discussing possible assistance to the U.S. government bank Citigroup, which would imply an increase in the share of government participation in equity bank. Despite the fact that at the end of the trading day on Friday the U.S. currency has suffered serious losses at the beginning of the trading in Asia, it is in demand. The dollar / yen has tested level of 93.66, then fell to a 92.51 mark, the euro / dollar started the session with a rollback to 1.2825. The dollar / yen has changed the direction of motion, and found support at 93.05, the demand is fixed in 93.00. However, soon subsided, and a pair of support fell to 92.78, with dealers indicate the likelihood of further decline to 92.51. Major sellers in the Asian session have been exporting to the orders of 93.50/60, and despite the demand of 92.85/90, the couple was unable to recover. "Currencies are a very unstable, the fluctuations occur at low volume and thin market", - analysts said BNP Paribas. "Rumors about the nationalization of banks continued to circulate in the market, increasing pressure on the stock indices. Source: Forexpf.Ru - Stock Market and Forex
The dollar resumed its decline and rushed Friday to a minimum. Timid attempt recovery was stifled by fears about the Government's Plan for Citigroup Inc. According to dealers, markets, discussing possible assistance to the U.S. government bank Citigroup, which would imply an increase in the share of government participation in equity bank. Despite the fact that at the end of the trading day on Friday the U.S. currency has suffered serious losses at the beginning of the trading in Asia, it is in demand. The dollar / yen has tested level of 93.66, then fell to a 92.51 mark, the euro / dollar started the session with a rollback to 1.2825. The dollar / yen has changed the direction of motion, and found support at 93.05, the demand is fixed in 93.00. However, soon subsided, and a pair of support fell to 92.78, with dealers indicate the likelihood of further decline to 92.51. Major sellers in the Asian session have been exporting to the orders of 93.50/60, and despite the demand of 92.85/90, the couple was unable to recover. "Currencies are a very unstable, the fluctuations occur at low volume and thin market", - analysts said BNP Paribas. "Rumors about the nationalization of banks continued to circulate in the market, increasing pressure on the stock indices. Source: Forexpf.Ru - Stock Market and Forex
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