Tuesday, April 12, 2011

Safe currency gain on fears over growth

Japanese yen and Swiss franc night received support from the flight to safe assets on revaluation of forecasts of growth of economies. Yesterday, the IMF published a lowering of expected growth in the U.S. and Japan, it was followed by the announcement of the Minister of Economy and Fiscal Policy of Japan, who said the economy will suffer more from the shock of the earthquake in the past month than earlier estimated. Also disappointing was the news that the level of nuclear threat at the station Fukushima Dai-Ichi was raised to 7, very high marks, comparing the seriousness of the threat to the events at Chernobyl in 1986. USD / JPY slid this morning below 84, and the Swiss at one time fell to 0.9020. Stocks in Asia fell on the night of 1-2%.

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