The cost of the dollar and yen decreases on Tuesday because of the return of optimism to investors
value of the dollar and the yen against the euro and other world currencies, decreases on Tuesday as investors returned to the optimism about economic recovery and they prefer to invest in more risky (and more profitable) assets, reported Bloomberg.
appetite for risk will remain a fundamental factor in the short run - says currency analyst at Bank of New Zealand in Wellington Danica Hampton. - People expect a strong corporate reporting this week, which will support the market and the yen will weaken.
Euro at 9:36 on Tuesday was worth $ 1.4777 to $ 1.4773 at the end of the previous trading day in New York.
Dollar goes to the Japanese domestic currency by that time to 89.95 yen from 89.82 the previous day.
value of the euro at 9:36 on Tuesday amounted to 132.92 yen compared with 132.72 yen on the basis of trading on Monday. During the session on October 12 in New York the yen against the euro fell to a minimum 2 weeks - 133.32.
Asian stock markets rise in the morning on Tuesday, the composite index of the region has soared to a maximum of 13 months.
the euro on October 13-14, can support the positive statistics from the eurozone countries.
confidence of investors and analysts to Germany's economy probably jumped up to a maximum of 3 years in October. The index will be published at 13:00 on Tuesday.
It is also estimated that industrial production in the euro area rose in August to 1.2% after declining by 0.3% in July. EU Statistics Department publishes the data at 13:00 on Wednesday.
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