Monday, April 19, 2010

Dollar Hits 3-Week Low Vs Yen On Financial Sector Concerns

The dollar struck a three-week minimum against the yen due to the sale of hedge funds, as many fear that the charges against Goldman Sachs charges may affect the ordinary shares and American interest rates this week.

The dollar may fall further against the yen in the coming days, if the fall campaign will go down on growing fears that U.S. regulators may extend the "feeling out" financial institutions - dealers said.

In early Asian trading week the dollar fell to 91.83 yen, its lowest level since March 25.

While perhaps the majority of companies involved in small business, the amount will report better-than-expected profits, many well-known names did not meet expectations "- said David Forrester (David Forrester), currency analyst at Barclays Capital. It can also drag a higher yield, riskier currencies like the euro, lower against the yen - the analyst said.

At the same time, there are rumors that the Chinese government may soon allow the yuan to rise against the dollar, which could become an additional stimklom for investors to sell dollars in favor of the yen, -, dealers said.

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