1/9/09

Bargain buy USD / JPY USD / CAD

Africa and the United States currency of the different movements, most of Africa and the United States currency fell slightly, but the British pound, Swiss francs but rose slightly; mainly because the process of the United Kingdom will continue to raise interest rates, thereby boosting the pound has been larger. Swiss franc because Switzerland announced strong producer price index and the Swiss bond yields gained strong support.


Bank of England yesterday released the minutes show that in June, Bank of England Governor Mervyn King (Mervyn King) and other three central bank's Monetary Policy Committee (MPC) members in opposition to this meeting to keep interest rates unchanged and called for an immediate rate hike 25 interest points to 5.75 percent. They think: In order to achieve the central bank's inflation goal, we must take measures to control price pressures in the service sector; and stressed that the monetary and credit growth suggest that credit very relaxed environment, which would increase inflation and consumer spending increased risk. At the same time, the United Kingdom throughout the country still rising price pressures, consumer spending is also very strong, the central bank there is a need to raise interest rates as early as possible. Minutes after the announcement, the pound rose against major currencies quickly, investors then upgrade to the Bank of England to raise interest rates 5.75% expected, and remanded the first bet the central bank may raise interest rates in July.


Operation of recommendations:

At present, most currencies in the whole dilemma, it is proposed today to see the main trend is clearly no longer waiting for admission; or bargain buy: USD / JPY, USD / CAD; as midline investment.

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