Appetite comes with eating

U.S. dollar reached a six-week bottom against the euro and the yen to crash against the currencies in the high growth of stock markets on Monday due to speculation that the credit company CIT Group will avoid bankruptcy.
New Zealand dollar reached its highest value against its U.S. namesake from June 2 onwards. The Canadian dollar also registered impressive growth supported by a surge of raw materials. Sterling said its biggest rise for the last week, after data for the UK housing sector showed growth in housing prices in June.
Yen reached its lowest value against the euro since June 3 to ¥ 134.76 to € 1. Dollar also registered a decrease of 0.9% compared to the single currency to 1.4248 dollars, which was the lowest value from June 5 onwards. And gave the Japanese currency against the dollar to ¥ 94.19.
Dollar index, which measures the value of green money to six major currencies reached its lowest value since June 3 to 78.79. Despite the return of appetite for risk, which put pressure on secure U.S. currency, the dollar continued consolidation and it is traded between the beginning of June.
Factor for the growth of raw shares high and European currencies were also positive evidence of leading U.S. economic indicators. The index calculated by the Conference Board (Organization for Economic Studies) grew by 0.7% over and above economists forecast of 0.5 percent.
Gave the Japanese yen against all major currencies as the most drastic drop was sreshu and Australian and New Zealand Dollar. Return of risk appetite generate speculation about the resumption of trade as opposed to (carry trades), in which investors set of currencies with higher interest.
Interest rates in New Zealand were 2.5% and 3% in Australia, while in Japan 0.1 percent and virtually zero in the U.S..
The Board of Directors of the New York company CIT approves credit loan for 3 billion dollars for a period of two years and a half to be granted by the owners of bonds of the corporation and allow the restructuring of the company without recourse to bankruptcy procedures.
Corporate financial performance of U.S. companies announced on July 8 now exceeded projections by an average 15% and encourage demand for risky assets at the expense of the dollar and the yen. Benchmark index S & P 500 added 1 percent to its value yesterday, and reached its highest value since November 2008.
Sterling jumped by 1.4 percent to 1.6547 dollars, after it became clear that the average house price in Britain has increased by 0.6 percent in June.
New Zealand dollar was the biggest winner from the growth of raw materials and increased by 2.1 percent against the green of money to $ 0.6580. Raw materials constitute more than half of exports from New Zealand.
Canadian Currency added 1 percent to its value against its U.S. namesake to 1.1020 Canadian dollars in the growth of oil. Black Gold is the largest item in the export of North American country.
Oil get on Monday due to increased optimism for the recovery of global economy and expectations for growth in consumption of fuels.
Global stock indices continued growth in the last week after a series of positive corporate news and financial statements for the rescue of American credit company CIT from bankruptcy.
U.S. light crude oil jumped 42 cents to 63.98 dollars per barrel, after adding more than 6 percent to its value last week. London Brent to get 1.06 dollars to 66.44 dollars per barrel.
The index of leading U.S. economic indicators, which increased by 0.7 percent in June and 1.3 percent in May, also suggest that global recession is drawing to a close.
The strong decline of the dollar was also supporting materials denominated in U.S. currency.
Petroleum minister of Algeria Shakib Kelly said that the organization of production of oil (ward) will decide to reduce production of its regular meeting in September if there is not enough demand for raw materials. Namely the reduction of production by 4.2 million barrels per day supported the growth of the black gold from its record low price of 33 dollars per barrel by the end of last year.
The effect of recession on the demand for oil in the largest consumer in the world the U.S. is gradually decreasing. Statistics of the U.S. Department of Transportation showed a minimal increase of 0.1 percent of trips in May compared with last year. Official data on reserves of raw materials in the U.S. will be announced by the Ministry of Energy on Wednesday. Economists forecast a decline in stocks of crude oil by 1.8 million barrels, which will be the seventh consecutive week of rolling reserves.
Gold reached a monthly peak yesterday in the sharp decline of the dollar and the growth of stock markets. Better than expected corporate accounts and to increase expectations of inflation have supported the precious metal.
Gold for immediate delivery added 13 dollars to its value to 949.50 dollars for troy ounce. The combination of the decline of the dollar and the appreciation of gold in oil made attractive to investors, the precious metal as an alternative investment of money and green hedge against inflation caused by increasing prices of energy sources.