Strong opening for the USD amid worries

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16 April 2012 @ 02:35 am EDT

The USD started the week's trade with higher rates against major currencies amid worries over the European debt crisis especially with the approach of the Spanish bond auction that may carry a lot of bad news about the European region.

Where the Euro fell to lowest in a month against the USD to reach 1.3019 with the low of 1.3008.

From another side, each of Australian dollar and New Zealand's dollar slipped against the USD amid the persistence of risk aversion by investors which negatively affected the Asian stocks, despite the announcement of the People Bank Of China of doubling the trade band for the Yuan.

AUD/USD pair fell near the lowest in four sessions to be traded at 1.0312 with low of 1.0310, while the opening was 1.0337 and a high at 1.0348.

NZD/USD pair keeps declining for the third straight session, to record a low of 0.8189 after opening at 0.8212 and high of 0.8218.

USD/JPY pair witnessed a weaker demand trading arround 80.85.

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