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The Return Of The Japanese Yen Dragged The Australian Dollar &Nbsp, And Gold Rose And Fell Again.

2012/4/4 22:57:00 6

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Foreign exchange: Yen back

Hot: this week

Yen

Strong, against the dollar exchange rate fell from 83.40 to 81.80; other major currencies fell against the yen, the Australian dollar was heavily involved, and the lowest against the dollar fell to 1.03.

The euro was undisturbed this week and fluctuated in the 1.30-1.35 range.

Analysis: CITIC Bank [4.26 0.95% shares bar Research Report] Guangzhou branch of the Ministry of finance expert Mei Zhixin said that this week's foreign exchange market is a notable feature of the yen back, as the end of 3 is the end of the Japanese financial year, so a large number of Japanese yen overseas funds return, starting from Wednesday, the yen began to rise.

The Japanese yen often acts as an arbitrage currency. The return of the yen has led to the selling of high interest currencies, such as the Australian dollar, which has led to the decline of these currencies.

Trend: Me Jinobu said that although the yen rose due to the end of the fiscal year, Japan carried out a loose monetary policy, and the yen rally may not continue after the beginning of the new fiscal year.

Gold: high and low again

Hot spot: Gold opened 1661 U.S. dollars / ounce this week, the highest 1696 U.S. dollars / ounce, until Friday morning gold price lingered around 1660 U.S. dollars / ounce area.

Analysis: Bank of China [2.98 2.05% shares bar Research Report] Liu Wenliang, a fund trader of Guangdong branch, said that on Monday evening, Federal Reserve Chairman Bernanke said in a speech that the US employment market was still far from normal. Meanwhile, he once again made clear that he was in no hurry to reverse the easing policy. This effectively suppressed the recent controversy over the Fed's policy turn and raised gold to over 1690 dollars / ounce.

But this week

gold

The rebound was rather steep. First, the US dollar index was strong at 78.80, which caused a lot of pressure on gold prices.

This is followed by the reversal of the trend in the US Treasury bond prices and the upward trend in yields this week, showing signs of a return to the bond market.

Another factor that restricts the rise in gold prices is oil prices. On Wednesday night, Saudi officials said that the supply of crude oil was "no problem", coupled with rumors that European countries would release crude oil reserves in recent years, which suppressed oil prices and posed a threat to gold prices.

Trend: Liu Wenliang said that recently, some economic data in the US, especially in Europe, have been worse than expected, triggering funds to avoid risks.

US debt

Yield trend.

In the short term, gold prices are still facing downward pressure. However, because of the favorable fundamentals and the earlier decline, even if there is a downward trend, the space will be limited.

On the contrary, opportunities are falling out. Prudent investors recommend buying opportunities at bargain prices in the US $1630 -1650 area.