The dollar has fallen in price to a minimum 14 months on improving corporate profits and the rally in the stock market

dollar exchange rate to euro has fallen off to a minimum during the past 14 months, since the improvement of corporate profits and the continued rally in global equity markets led to increased investor's demand for riskier assets, has reported Bloomberg.

yen on Thursday cheaper parallel with the dollar on expectations that the U.S. bank Goldman Sachs reported improved quarterly results, as did JPMorgan and Intel.

Australian dollar soared to a maximum of 14 months after the statement of the head of the central bank governor Glenn Stevens that can not be excessive timidity with an increase in interest rates after the crisis.

euro was worth $ 1.4954 at 9:10 on Thursday to $ 1.4925 at the end of the previous session.

value of the dollar against the Japanese domestic currency was at this time 89.39 yen against 89.44 the previous day.

Rate

single European currency against the yen rose to 9:10 on Thursday to 133.67 yen against 133.47 on the end of the session on Wednesday.

good profit growth and stock market support appetite for risk, - said the head of currency units of Societe Generale in Tokyo, Yuji Saito.

composite index of Asia-Pacific region MSCI Asia Pacific increased by 1,5% with the opening of trading on Thursday, the Japanese Nikkei 225 added 2.1%.

Dow Jones Industrial Average on Oct. 14 surpassed 10,000 points for the first year on a positive reporting JPMorgan. One of the leading banks in the U.S. for the third quarter 2009 increased its net profit in 6,8 times - to $ 3.588 billion, or $ 0.82 per share, compared with $ 527 million, or $ 0.09 per share, received for the same period last year.

Analysts polled by Bloomberg, JPMorgan predicted net profit at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average of $ 0.52 per share.

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