Tuesday and it’s again slow with movements in international currency markets. Investors follow the familiar pattern of strengthening of the euro as the risk desire increased, while the dollar and the yen weakened. There are, however, relatively small shifts, although there is no doubt about the trend.
The increased risk appetite reflected in bond markets with falling interest rates in Spain and Italy, while the corresponding movement in northern European countries such as Denmark and Germany are contradictory in relation to southern Europe.
Euro costs $ 1.2925 on Tuesday afternoon and 101.0 yen against $ 1.2900 and 100.80 yen Monday.
On the other hand, there were sway in the market during the night, the Australian dollar has weakened significantly overnight. This is because a surprising interest reduction from the Australian central bank, the Reserve Bank of Australia. The benchmark interest rate was reduced by 25 basis points to 3.25 percent as part of the central bank attempts to maintain the momentum of the country's declining economy.
Reserve Bank of Australia justified the reduction with declining growth prospects. Australian dollar Tuesday afternoon costs $ 1.0310 from $ 1.0405 Monday.
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