US Dollar Weakens Amid Good Vibes

That was quick.  Apparently we can all stop panicking about catching pig flu.  Well, at least it’s now going to be possible to contain after all.  The World Health Organization has now announced that basically it wasn’t as bad as they thought.

The markets are certainly looking interesting where the US dollar and yen are concerned – both have weakened for the the second day in a row.  This is partly thanks to the better news regarding the flu virus, but also because news from South Korea and New Zealand.  The Bank of South Korea has released data showing their current account surplus has risen to $6.65 billion in the last month – which is almost double the amount of February.  New Zealand exports are up too – up 17 per cent since February.  Asian stocks have also gained ground – thanks to risk appetite or better economy hopes?

Any sign of improvement where the US economy is concerned, and investors will feel much more comfortable to get involved.

So overall, things looking up?  Maybe they are!

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