29 April 2009

Market Confidence on Increase

Cancel the stockpiling and relax - according to the World Health Organization, thinks aren't as bad as they thought. Apparently the swine flu virus can be contained after all, and there's much less reason to be afraid.

Currency markets are reflecting this in that the US dollar and the yen have weakened the second day in a row against the euro and 14 of the 16 most-traded currencies.

The Bank of Korea has also released figures showing that their current account surplus has increased since February. Asian stocks have gained and New Zealand exports are up too.

So perhaps market confidence is on the up after all?

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