The exchange rate today: yen is rising, the dollar is clinging to a corner

The yen will be the new subject of study

In brief: Exchange rate yen to the dollar increases. Dollar remains a major challenge for the U.S. economy.

The yen reached a record of a strong level in eight years against the dollar, signaling that the economic recovery by increasing demand for yen as a currency of refuge. The yen has established 7-month high against the dollar before the projections present a grim picture in the U.S..

Frank reached a record high against the euro amid speculation that the central bank of Switzerland would abstain from interfering in the currency markets, as deflationary pressures in the country is gradually eroding. Thus, as noted by foreign exchange analysts Bank of Tokyo-Mitsubishi UFJ, concern about the extinction of the momentum of growth increases the demand for currency-seekers, which are the yen and the franc. The slowdown will have negative consequences for the economy of the euro area and the euro. According to the strategy of the bank, the currency of refuge should continue to strengthen.

Ukrainian Globalist
2010-06-30 11:13, Economics.

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