The dollar continues to depreciate against foreign currencies

The dollar continues to depreciate against foreign currencies


According to the trades, as at 13.19 GMT the dollar index was down by 0.24%. The Euro-dollar exchange rate rose up to 1,1407 1,1380 of the dollar from the dollar to the Euro.

MOSCOW, 14 Oct. The dollar continues to depreciate against the global currencies on Wednesday amid rising demand for safe assets, market participants fear the possible negative impact of China on world economic growth, according to AFP.

As at 13.19 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) was down 0.24% to 94,54 item. The dollar exchange rate to yen has fallen to 119,54 yen per dollar with 119,73 yen per dollar at the previous closing. The Euro-dollar exchange rate rose up to 1,1407 1,1380 of the dollar from the dollar to the Euro.

Earlier on Tuesday it became known that exports in September declined by 3.7% and imports fell by 20.4% in annual terms. As a result, the trade surplus of the country last month was 60,34 billion. Analysts have predicted the decline of Chinese exports by 6.3%, import — by 15%, and predicted trade surplus at the level 46,79 billion.

Weak data from China caused investors concerns about slowing economic growth in China, and have raised questions about the impact of the situation in the Chinese economy to world economic growth. Concerns have led to increased demand for the yen, which is considered the “shelter currency” in periods of uncertainty. The weakening of the stock market of Japan also supported the yen.

“The Euro and buy the yen due to risk aversion sentiment,” reported the newspaper The Wall Street Journal Vice President of research Department at Barclays in Tokyo Sinitiro Kadota (Shinichiro Kadota).