The U.S. dollar fell against yen during the auctions in Asia
OREANDA-NEWS. The U.S. dollar kept falling to the two month minimum against euro and fell against yen during the auctions in Asia on Tuesday. It occurred because of the growing fears concerning the nuclear development program of Iran and his relations with the West.
According to Reuters’ message, on Monday based on the results of the meeting the representatives of the world countries agreed upon starting to work on the new resolution about the nuclear program of Iran, also trying to find the diplomatic solution of the problem
The fears concerning Iran, which, according to West’s mind, is trying to create nuclear weapons, led to the first short-term increase in euro’s price up to 1.3205 USD on the electronic auctions EBS since the beginning of January.
But by 7.49 euro fell up to 1.3179 USD. At the end of the auctions in the U.S. on Monday the couple euro/dollar verified at the mark of 1.3182 USD.
The dollar/yen couple verified on the mark of 120.42 yen against 120.57 yen at the end of the auctions in New York on Monday. Dollar increased up to 121.6 yen during last week, after the decision of the Bank of Japan to raise the interest rate didn’t influence the markets’ opinion, that the low yield of the yen won’t be equal to the yield of the other main currencies in a while.
The dollar’s decrease against Japanese currency led to the fall of euro against yen – up to 158.74 yen in comparison to 158.92 yen in the U.S. yesterday. On the last week euro refreshed the historical maximum against the Japanese currency on the level of 159.63 yen.
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