Thursday, May 12, 2011

Currency-haven demand against the backdrop of economic fears return

Renewed economic fears on Thursday provoked the fall of currencies that are closely related to global economic growth, and support for currencies that are considered safe havens, such as the U.S. dollar and Japanese yen.
Dollar and the yen strengthened against most other major currencies, with EUR / USD pair reached month low 1.4130 and the euro / yen - a 7-week low of 114.19.
Commodity currencies also fell against the backdrop of falling metals prices.
Flight to safe-haven currencies on foreign exchange markets against the background of the appearance of evidence of slowing global economic growth and falling stock indexes and oil prices.

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