Euro rebounds in Asia on interest rate hike speculations

Currency related, the product of the Euro and the dollar rebound in Australia, Asian trade today, with the Euro against the US dollar at $ 1,4387, up rise of 0.4%. More than any other single factors, pushing the Euro sustaining to get support from speculation rising interest rates, and the latest activity of business data from France and Germany supported this possibility. Other currency-related products, Australia Dollar, also reached a new record for 29 years against the US Dollar traded at $ 1,0599.

Analysts said the jitters of market soothed by profit reports in the United States and is optimistic in Europe, and the sentiment of investors leaning towards higher risk currencies while the market absorbed the previous concerns about Greece's debt and the decline in ranking of U.S. debt.

An analyst noted that investors support the currencies that offer higher against the dollar and Yen, and the increase in Asian equity markets highlights the feeling of investors to take risks. The dollar strengthened against the Yen Japan, 0.4% 82,91 Yen trade. The Euro also strengthened against the currencies of Japan, up 0.8% ¥ 119,27, although the trade off the coast at least 2 weeks 116,49 Yen hit on platform EBS trade earlier this week.

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