dollar and rising yen on Monday against the euro quickly after the data on the dynamics of the GDP of Japan in April-June 2009 were worse than forecast, reported Bloomberg.
demand for currency, a quiet haven to support the fears that the financial crisis in the United States is far from complete: regulators last week closed five U.S. banks.
Stock markets show the world the fall on Monday because of concern for the possible slowdown in global economic recovery. MSCI World Index lost from opening more than 1,5%.
euro at 14:55 on Monday, was worth $ 1.4064, compared with $ 1.4203 at the end of the previous trading day.
cost of the Japanese on the single European currency was at that time to 133.08 yen against 134.84 on the closing of the market in New York on Friday.
yen to the dollar rose to 14:55 on Monday to 94.63 yen from 94.94 on Friday.
Definitely there has been adherence to the currency markets for the stock, - said currency analyst 4Cast Ltd. Paul Bednarchik. When desheveyut shares, investors buy yen and dollars, the expert added.
According
on Monday released preliminary data cabinet of Japan's gross domestic product is the second largest world economy has increased over the 3 months ended 30 June, at 3.7% in terms of annual rates.
Analysts predicted a significant growth rate at 3.9%.
Japan's GDP, compared with the previous quarter has increased from April to June at 0.9%, is expected to increase by 1%.
Federal Deposit Insurance Corporation (FDIC) on Friday ordered the U.S. to close problem banks Colonial BancGroup Inc. Also last week, operations were halted two financial institutions in Arizona, one in Las Vegas and another in Pittsburgh.
This news could restore financial health concern regional banks, United States - said foreign exchange dealer Okasan Securities Co. Tsutomu Soma. Rejection of the risk is likely to increase, and this will lead to buying the yen and the dollar, he believes.
total so far this year 77 banks have suffered a collapse of the United States.
Colonial, based in Alabama, has long been considered one of the most stable of regional banks. He was engaged in lending in real estate, its assets were estimated at $ 25 billion, founded in 1981, the bank was the largest creditor of the developers in Florida and Nevada, but began to suffer distress after the collapse of the mortgage market.
Branches Colonial and deposits totaling more than $ 22 billion will be transferred to BB T Corp., FDIC has approved the transaction.
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