Monday, October 12, 2009

BTMU expects stabilization of U.S. currency

According to currency analysts Bank of Tokyo-Mitsubishi UFJ, is dangerous to bet on dollar weakness, which occurs on the background due to sales of U.S. currency central banks of many countries. Such a view is in a bank account for the fact that recent comments Fedrezerva signaled that the Fed may begin to curtail financial incentive measures. As has been held in the bank, despite the fact that the central banks of many countries are boosting their investments in the euro, it is too early to draw any conclusions. Bank analysts believe that the gradual tightening of rhetoric Fedrezerva continue, that would change existing at the moment a negative attitude against the U.S. currency. Currently, the euro / dollar was at $ 1.4787, slightly down from a sessional maximum on $ 1.4813.

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