Monday, January 19, 2009

FOREX-Euro, pound tumble vs dollar on banking sector woes

The euro and it book fell abruptly against the dollar Monday like fears about the sinister prospects for the total banking environment left extremely opposite investors to the risk.

The push with the feeling of the news earlier of a second BRITISH business of delivery of bank quickly absorbed, sending the shares .FTEU3 of European whom tumbles down 2.8 percent.

Falls of purse of the transferable securities were carried out by a fall of approximately 70 percent in value of Royal Bank of the shares of Scotland (RBS.L) after it announced losses of more than 20 billion books in 2008, the greatest loss in the BRITISH history of corporation [identification: nLJ123391].

The shares in fall and circumspection while resulting from the risk amplified Yens of low-output and the dollar while the investors sought surer capital.

We see another madness of the aversion of risk after the results of RBS and the news of another, of reinflation of bank banks of the analyst Naeem Wahid of currency of services of treasure of Scotland indicated.

BRITISH Mesures did not make enough to shift the feeling on, of banking environment it were added.

Reinflation of Great Britain 'of bank of S second, revealed Monday, offered to guarantee their debt and to install 50 billion funds of book for rafler of the capital and to obtain the money cash still running [identification: nLJ676404].

With GMT 1527, the euro fell 1.2 percent against the from the dollar to $1.3144, whereas delivers did not crumble less than 2 percent to strike a two weeks bottom of $1.4452.

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