Moscow. November 16. The Euro to US dollar falls after Monday’s terrorist attacks in Paris, the yen is rising thanks to increased demand for traditional assets “safe haven”, Bloomberg reported.
“Friday’s events in Paris have led to the outflow of funds from risky assets to which, in this case, applies to the EUR – notes the analyst of currency market Macquarie Bank Ltd. in Singapore Nizam Idris. – The Euro was considered to be a relatively strong currency with very low interest rates of the European Central Bank, however, when events are directly related to the Eurozone, the currency will be weakened regardless of the level of interest rates”.
The Euro to US dollar dropped during trading on Monday to $1,0687, came close to a six-month low level, recorded November 10 ($1,0675).
By 9:00 Moscow time Euro pair/the dollar traded at $1,0725 against $1,0773 at the end of trading on Friday.
The value of the Euro against the yen fell to 130,65 yen – the lowest level since April, but later played a little drop, amounting to 9 am 131,33 yen (132,09 yen at the close of the previous session).
The rate of the US dollar against the yen is Monday 122,45 122,61 the yen against the yen on the results of the previous session.
Yen is getting more expensive along with other assets to safe havens, including US Treasuries and gold.
As reported, the evening of November 13 in Paris has been an unprecedented series of coordinated terrorist attacks, which killed 129 people. Responsibility for the terrorist attack took on the extremist group “Islamic state” (banned in Russia).
French President Francois Hollande declared a state of emergency throughout the country and declared three days of mourning.