Go Finance Reporting in TOKYO - Foreign currency U.S. dollar (U.S.) in Asian trade this afternoon immediately strengthened after the news about Al-Qaeda leader Osama bin Laden is dead. However, analysts still warn this positive sentiment will fade.
The euro, which benefited from speculation that there is a series of interest rate hikes by the European Central Bank this year, was under selling pressure against the dollar due to news of bin Laden and the decline in oil prices.
Quoted by AFP on Monday (05/02/2011), the euro slid to $ 1, 4764 from $ 1, 4864 in the previous trading thin before they rebounded to $ 1, 4795. While the dollar against the yen rose to 81.66 from 81.19 previously, before it eased back to 81.41.
While Korea rose to its highest level against the dollar for 32 months after South Korea's exports surged 27 percent in April from a year earlier. The dollar climbed to 1070 Won once rose to 1066.70.
While the movement was observed to a flat dollar against the Singapore dollar at 1.2230 Singapore dollar, but strengthened against the rupiah to Rp8.548 from Rp8.563. But then the record-high against Thai baht to 29.86 from 29.85. Taiwan dollar strengthening was observed flat at 28.67 Taiwan dollars.
For your information, U.S. President Barack Obama said in his speech on television that al-Qaeda leaders have been killed in the operation near Islamabad, Pakistan.
United States has been hunting down bin Laden for years, efforts doubled after the attacks on the World Trade Center in New York and the Pentagon, which killed 3,000 people in 2001 ago. The impact of this, the position of the dollar as investors took off crude oil prices also declined. (GoFinance)
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