High currencies under pressure

Currency traders now prefer to buy the currency of refuge, as well as the spread beyond Mexico pig flu badly shaken confidence of traders. Yen and dollar rises, the currency of developing countries fall, the Mexican peso has lost 3.5% against the U.S. dollar. Further movement of the currency will depend on the news. The currencies of other developing countries have not suffered directly from the «pig flu», but a general unwillingness to risk reduction has led to a fall in the Polish zloty, the Czech Koruna and Hungarian Forint to 1% against the euro. Euro fell against the dollar (the currency of refuge) at 0.4% and 1% against the yen. "This is exactly what we lack - a general panic about the flu among the biggest financial crisis since the great Depression," - said analysts at Royal Bank of Scotland in the text to the client. If the currencies of developing countries have experienced the pressure, the currencies of major countries, which are usually sensitive to fluctuations - showed a sharp decline. New Zealand and Australian dollar fell 1% against the U.S. dollar, the pound lost 0.6%.