Bank of Japan hat beim US-Dollar interveniert

verfasst von Sascha, 17.09.2001, 16:55

Dollar falls despite help

<font size=5>Trader concerns about U.S. economy sink currency; bonds unaffected by Fed</font>

September 17, 2001: 9:13 a.m. ET

NEW YORK (CNNfn) - <font color="#FF0000">The U.S. dollar fell Monday morning despite the intervention of the Bank of Japan as traders worried about the state of the U.S. economy in the wake of the worst terrorist attack in its history</font>.

Eigener Kommentar: Soso... Interventionen der Bank of Japan...

The dollar was trading at 117.09 yen, <font color="#FF0000">near seven-month lows, even after the Bank of Japan bought dollars on concerns Japan's fragile economy would suffer if a strong yen made its exports less attractive</font>.

"The recent sharp appreciation of the yen in the exchange market could have undesirable implications for the recovery of Japan's economy. <font color="#FF0000">In this context we have taken appropriate action today in the exchange market," Finance Minister Masajuro Shiokawa said in a statement</font>.

The dollar has been on shaky ground since terrorist attacks Tuesday that destroyed the World Trade Center in New York and damaged the Pentagon near Washington, D.C. Traders are concerned that the attacks will sink the U.S. economy into a recession.

<font color="#FF0000">The euro, meanwhile, rose to 92.66 cents, nearly a six-month high against the U.S. currency</font>.

U.S. Treasury bond prices also fell after a half-percentage-point interest-rate cut by the Federal Reserve, mostly because bonds already had rallied in anticipation that the cut was coming.

"It's not really all that surprising," said Mark Vitner, economist at First Union Securities."We really all thought they would cut rates, and it's better that they did it before the stock market opened so that they are not misinterpreted as responding to any weakness in the stock market."

U.S. stocks are scheduled to begin trading Monday morning after their longest shutdown since the Great Depression. <font color="#FF0000">Worries of a sell-off were heightened by hefty drops in European and Japanese stocks. Japan's benchmark Nikkei stock index closed at a 17-year low</font>.

If U.S. stocks rally, Treasurys could continue to fall, but if stocks fall, then traders could flee again to the relative safety of government debt.

The two-year note was down 2/32 at 101-12/32, while the yield, which moves opposite to price, rose to 2.89 percent. Five-year notes fell 10/32 to 103-4/32, yielding 3.88 percent.

The ten-year note fell 12/32 to 103-5/32, yielding 4.6 percent. The 30-year bond fell 22/32 to 99-22/32, yielding 5.4 percent.

Quelle: http://www.cnnfn.com[/b]

<center>

<HR>

</center>

Thread gesperrt