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The dollar is falling. The yen is growing due to the risks avoidance

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The dollar is falling. The yen is growing due to the risks avoidance

The dollar is falling. The yen is growing due to the risks avoidance
September 12
10:30 2016

On Monday the US currency started with the negative dynamics, despite the limitation of losses, which is explained by the fact that once again there are rumors about a possible increase of the Federal Reserve rates in the USA.

Risk avoidance has favored the Japanese currency. The yen has been in an advantageous position due to the total collapse of the securities. The Tokyo Stock Exchange index Nikkei has fallen to the lowest point for two weeks. To the beginning of the day the US dollar has fallen by 0.17 percent and amounted to 102.53 yen. The euro has fallen by 0.04 percent, and became equal to 115.24 yen.

The currency market is also focused on the sale of global bonds. The anxiety about the policies of the world central banks has contributed to the growth of sovereign bonds of Germany and Japan. They reached the peaks for many months. Treasury bonds of the United States were also following the market.

The frustration to expand stimulus measures from the European Central Bank put pressure on the European debt market last week.

The euro has grown against the US dollar by 0.08 to $ 1.1238.
Several Fed officials once more expressed expectations regarding the rates growth in September, although there is the certain economic information, which is disappointing. The information contains the data about a small increase in the employment of the United States outside the agriculture.

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