Fears of economic recovery and promoting the yen rose against the euro and the dollar
YORK August 19 morning news, the Japanese yen against the euro Wednesday close more than six weeks since the highest level against the dollar also rose, due to fears of global economic recovery process will lose momentum to enhance the investors buying the yen as demand for safe haven assets.
day, yen rise is mainly due to investor speculation that U.S. economic growth may be too slow, prompting the Federal Reserve increased the size of bond purchase plans; At the same time, the Government of Japan will intervene in the market the market to curb the yen's surge fears have eased, there against the Japanese yen exchange rate of the support. Some related to currency and economic growth also rose today because of speculation that home builders and commercial growth of the company's M & A transactions will promote the stock market stabilized rebound.
at 17:00 U.S. Eastern Time (Beijing time at 5 o'clock on the 19th), the Japanese yen against the euro for each euro from 110.19 yen yesterday, rising to 109.84 yen per euro, or 0.3%; after hitting 109.07 yen per euro, the highest since July 1 the highest level since. Japanese yen against the dollar from 85.53 yen per U.S. dollar rose to 85.46 yen per dollar, or 0.1%; had previously hit in August 11 84.73 yen per dollar in the 15-year high. Against the euro, from 1.2885 U.S. dollars per euro rose to 1.2853 U.S. dollars per euro, or 0.3%. (Jin-liang)
