Asian session: The yen and dollar fell

08.04.2011 12:05:00

The yen and dollar fell against most major peers as stocks rose before data forecast to show German exports and U.K. producer prices increased, adding to signs the global recovery is gaining momentum.The yen extended a fourth weekly drop versus the euro, the longest losing streak in 20 months, as quickening growth elsewhere in the world contrasted with Japan’s efforts to rebuild after last month’s record earthquake. The euro reached the strongest versus the dollar since January 2010 on speculation the European Central Bank will raise interest rates further after yesterday’s increase.The Dollar Index, which tracks the greenback versus the currencies of six major trading partners, including the pound and Canadian dollar, sank to as low as 75.184, the least since December 2009.EUR/USD: the pair become stronger above a mark $1.4400.GBP/USD: the pair become stronger above a mark $1.6400.USD/JPY: the pair bargained within the limits of Y84.85-Y85.40.UK data dominates the calendar with producer prices, which are released at 0830GMT along with Construction Output data. Input prices are expected to rise markedly, by 2.1% on the month, but base effects would result in the year on year increase declining to 12.6% from February's 14.6%. Output prices in today's data are expected to rise 0.6% on the month to stand 5.1% above levels a year earlier, while core data is forecast at 0.3% m/m, 2.9% y/y.

Geri Arama

Formunu Doldurun

Biz sizi arayalım..