Asia-Pacific market sentiment warmer, USD/CAD fell below the 0.9900 integer mark

The major asia-Pacific stock indexes opened lower on Monday (22nd) and the market risk appetite sentiment rebounded temporarily. This also prompted the rise of commodity currencies in Canadian dollars. The Asian market traded in early trading, the USD/CAD weakened and fell below the 0.9900 integer mark. .

Asian City Monday morning, the dollar / Canadian dollar traded at 0.9890 line, after hitting the 0.9918 session opening high hit a concussion and then fell, and fell below the 0.9900 integer mark, the lowest hit the session low of 0.9885.

The Asia-Pacific stock market opened lower and higher on Monday. As of 09:39, Beijing time, the Shanghai Composite Index rose 0.45%, the Shenzhen Component Index rose 1.20%, and the Hang Seng Index rose 0.34%, while the Australian Common Stock Index and the Nikkei 255 Index also reduced the decline. The risk appetite for market risk has warmed up, resulting in the support of the Canadian dollar in commodity currencies.

Last week, the negative attitude of US government officials raised the risk aversion and the Canadian dollar was suppressed. The Fed Governor Sandra Pianalto stated that the downside risk of economic recovery is increasing, and the economic recession situation is more important than we thought before. Even worse, at the same time, Federal Reserve Board member William Dudley reiterated that the US economy will rebound in the rest of 2011, but its growth rate is expected to slow down significantly, due to a number of factors such as the continued weakness of the labor market.

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