Các quỹ đã mua USD, thế này NHNN yên tâm giải ngân nhé

Các quỹ đã mua USD, thế này NHNN yên tâm giải ngân nhé

Dollar Rises; Traders Spurn Asia Stocks, Higher-Yielding Assets

By Ron Harui and Kosuke Goto

Jan. 22 (Bloomberg) -- The dollar rose against all 16 of the most-active currencies as investors sold Asian equities and higher-yielding assets on speculation a U.S. slowdown will curb global economic growth.

The currency reached a four-week high against the euro before reports this week that economists say will show German business confidence dropped and European services and manufacturing expansion slowed. It rallied against the Philippine peso and South Korea''s won as the MSCI Asia Pacific Index of shares extended its slide since November to more than 20 percent, following European equities into a bear market.

``The U.S. economic slowdown seems to be acting as a drag on growth in other countries,'''' said Tsutomu Komiya, who helps oversee the equivalent of $28.7 billion of debt at Daiwa Asset Management Co. in Tokyo. ``These worries are prompting some buying of the dollar.''''
The dollar rose to $1.4391 against Europe''s single currency, the highest since Dec. 26, before trading at $1.4424 at 6:50 a.m. London time, from $1.4454 yesterday. It climbed to 106.05 yen from 105.99. The dollar may rise as high as $1.20 per euro this year, Komiya forecast.

The U.S. currency gained 0.9 percent to 41.565 peso and 0.6 percent to 954.05 won. It also strengthened 0.2 percent to $1.9382 versus the British pound.

Japan''s Nikkei 225 Stock Average sank 5.7 percent, Hong Kong''s Hang Seng Index dived 8.6 percent, headed for the biggest two-day drop since October 1997. Indian shares plunged, forcing stock markets to halt trading within a minute of opening.

European Reports

The Royal Bank of Scotland Plc''s index of service and manufacturing industries for the euro region, due tomorrow, rose at the slowest pace since June 2005, according to a Bloomberg News survey of economists. That may back the case for the European Central Bank to lower interest rates.

Germany''s Ifo research institute may say on Jan. 24 its business climate index slipped to 102.3 this month, the lowest since January 2006, from 103.0 in December, a separate survey showed.

``The euro is being sold on fears that Europe''s economy is slowing,'''' said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. in Tokyo. ``The ECB may need to cut rates rather than hike rates.''

It may decline to $1.4290 and 152.00 yen today, Soma forecast.

The implied yield on the Euribor June futures contract fell to 3.87 percent from 3.935 percent yesterday, as traders raised bets on a cut in the ECB''s 4 percent benchmark rate.