Investors rushed into "safe" currency

Finansy27-05-2009 Investors rushed into "safe" currencies yesterday the dollar was able to reverse its downward momentum, we've seen over the last few weeks. As predictive analytics, today the main couple of the global currency market will also demonstrate the predominantly downward momentum, and during the European session, the euro could re-test the $ 1.39 mark. The situation around North Korea's nuclear test diminished the desire of investors to invest in risky assets. As a result, most of the trading day Tuesday on the Forex, we have seen the strengthening of the traditionally "safe" currencies such as the U.S. dollar. Additional pressure on the euro had a new talk about the risk of a multibillion-dollar writedowns on bad assets for financial institutions in Germany. By some estimates, on the balance sheets of European banks is "toxic" financial instruments worth up to $ 500 billion In this Tuesday at the end of the overseas session, the European currencies still managed to win back the lost positions before and during today's trading in Asia for one euro offer of about $ 1.396 for the British pound - $ 1.595. On Wednesday morning the euro continues to fall against the dollar in anticipation of weak statistical data on unemployment in Germany. The yen depreciates to leading world currencies rapidly due to increased appetite for risk against the restoration of consumer confidence in the U.S..