Depreciation of currencies due to swine influenza

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The current charge of the weekend was due to investors. Indeed, the epidemic of swine flu, which apparently was originally developed in Mexico, a distraught investors, contributing to a sharp decline in financial markets this morning. Thus, New York, the price of a barrel of oil, which was passed last week the symbolic threshold of 50 dollars, a drop of nearly 6%.

The currency market has obviously not been spared by the generalized reaction by investors looking to protect their assets. In a context of strong risk aversion, only the yen and to a lesser extent the dollar, appear in good shape today. Due to a likely worsening of the global health crisis, the first cases were detected in Spain, it is likely that the values considered at risk in the foreign exchange market, especially the pound sterling, the Australian dollar and single European currency accentuate in the coming days their decline.

Penalized by the international context, the euro has not, however, paid attention to the publication today of the indicator on the Gfk consumer morale of the first euro-area economy. The latter appears rather stable, only heartening sign for the euro area today.

Finally, investors in the foreign exchange markets anticipate a crucial weeks for the dollar because many economic indicators are expected in the coming sessions. The traders will form a very particular attention on the results of the "stress test" conducted by Washington on the 19 major banks in the country and the future of automaker Chrysler, which could be placed in bankruptcy in the coming weeks.