Investors are willing to continue the game in the carry-trade

Returning after the holidays and after recovering from the massive sale late last week, traders seem determined to re-sell the dollar. "The readiness of the UAE central bank to support the Dubai investors should inspire optimism and confidence that the crisis did not spread beyond the emirate," - said in today's letter to customers, Roberto Mialich, currency strategist at UniCredit in Milan. - "The volatility of the stock market, of course, continue to influence exchange rates, however, in general, the dollar will resume dauntrend. "The tendency to escape from the risk of weakening in the last couple of days, the world economy continues to recover, and the situation in Dubai, is unlikely to become a problem for credit markets" - agrees Minoru Shioiri, head of FX-commerce Mitsubishi UFJ Securities in Tokyo. - "Investors will continue to exchange dollars for more lucrative currencies.