Rise in the dollar against both the yen and the euro in light of rising bond yields
Tue 29 2009 Dec, The Wall Street Journal
Translation: Pal FX
IMPORTANT NOTE: Translated for the content and not a literal translation to be able to reverse the true meaning of the report
The dollar rose against both the euro and the yen during the Asian session today with the governor continued to buy the U.S. currency hedge with their view of the possible rise in interest rates on the dollar in the near term, which is expected to encourage investors to buy assets and investments are priced in U.S. dollars.
One trader noted that the dollar has expanded from its profits if it continues to yield on U.S. Treasury bonds to rise after a long-term U.S. bond auction and data to be announced later in the day.
Traders pointed out that the return on bonds with maturity of ten years in the United States, which moves in the opposite with prices closed at their highest level in four and a half months at 3.84%, according to the closing price on Monday in light of the perception of the U.S. economy in the process of reform. Which face some of the hedge portfolios to buy the dollar during the Asian.
Hadiac Llano, manager at Mitsubishi UFJ in G Trust Land Banking Corp, said: "Despite this, many Asian players Kano is effective, and many players from the real demand closed already accounts for this year, some conservative hedge the U.S. may be continuing to buy dollars if it contributed to the events coming to raise the interest rate on the dollar. "
Trading remained limited during the period under Asian survival of most market participants reticent to enter into new positions before the end of the year. In completely at 04:50 GMT, the dollar settled at 91.73 Japanese yen, up from levels of 91.62 at the end of trading in New York on Monday. Euro stood at 1.4367 compared with 1.4384.
The dollar index, which measures the dollar's value against a basket of six major currencies including the euro, which has been recorded, including 77.712 at 04:50 GMT, up from 77.625 and had arrived on Monday.
Tue 29 2009 Dec, The Wall Street Journal
Translation: Pal FX
IMPORTANT NOTE: Translated for the content and not a literal translation to be able to reverse the true meaning of the report
The dollar rose against both the euro and the yen during the Asian session today with the governor continued to buy the U.S. currency hedge with their view of the possible rise in interest rates on the dollar in the near term, which is expected to encourage investors to buy assets and investments are priced in U.S. dollars.
One trader noted that the dollar has expanded from its profits if it continues to yield on U.S. Treasury bonds to rise after a long-term U.S. bond auction and data to be announced later in the day.
Traders pointed out that the return on bonds with maturity of ten years in the United States, which moves in the opposite with prices closed at their highest level in four and a half months at 3.84%, according to the closing price on Monday in light of the perception of the U.S. economy in the process of reform. Which face some of the hedge portfolios to buy the dollar during the Asian.
Hadiac Llano, manager at Mitsubishi UFJ in G Trust Land Banking Corp, said: "Despite this, many Asian players Kano is effective, and many players from the real demand closed already accounts for this year, some conservative hedge the U.S. may be continuing to buy dollars if it contributed to the events coming to raise the interest rate on the dollar. "
Trading remained limited during the period under Asian survival of most market participants reticent to enter into new positions before the end of the year. In completely at 04:50 GMT, the dollar settled at 91.73 Japanese yen, up from levels of 91.62 at the end of trading in New York on Monday. Euro stood at 1.4367 compared with 1.4384.
The dollar index, which measures the dollar's value against a basket of six major currencies including the euro, which has been recorded, including 77.712 at 04:50 GMT, up from 77.625 and had arrived on Monday.
