Investors do not believe in the dollar and continue to invest in risky assets

At the auction on Wednesday, the dollar and yen continued to decline across the spectrum of the market after the publication of China's data on factory orders, which became yet another confirmation that the global recession is on the decline and triggered the purchase of risky assets such as equities. Smart money is already peretekli in some developing markets, "- notes Samarzhit Shankar, director of global strategy for Bank of New York Mellon Corp. in Boston. - "The greatest profit is promised investments in assets that have been resold as a result of excessive global investors fleeing last fall." Recall that the EURUSD today updated the 4-week maximum after reporting Reuters that China has demanded to discuss the prospects of creating a new reserve currency at the summit in Italy, scheduled for next week. "This issue will undoubtedly continue to hang over the U.S. Damocles sword," - said Richard Franulovich, senior currency strategist Westpac Banking Corp. in New York. - "Where would the U.S. currency is beginning to show signs of stabilizing and growing, China is on the scene and his statements again change the balance of power in the market."