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The performance of dollar during Thursday trades was very mixed: it gained versus the yen, but at the end of the day came out with little gaining against the euro, because the stocks went up in the morning trades and then stalled during trading in the afternoon.

Risk-sensitive currencies were more popular on Thursday, therefore, the pound of sterling and the Canadian dollar both gained against the American dollar. Due to May Day holiday in many European countries, on Thursday the market was expecting weak trades on Friday, therefore having comparatively directionless trading session.

The swine flu outbreak in Mexico during the weekend made majority of the foreign exchange market players go for purchasing of more safe currencies. The most popular in this range is the Japanese Yen, most likely because the country is isolated from the disease geographically.

As Japan is an island, it will be much easier for the country to keep the swine flu away from its coasts, and as for now, there are no signs or cases of swine flu in the country.

It is very likely that International company Telmex SAB (TII) will report year-on-year net profit loss of 32% in the first quarter of 2009. The reason for such losses are the losses on US dollar foreign exchange and increase of tax costs for the company.

Telmex Internacianal is an international company, operating in Argentina, Brazil, Peru, Ecuador, Chile, Colombia, and is a company of its parent-company Telefonos de Mexico (TMX).

Seoul shares experienced 8 percent fall thus reaching its lowest level since 2005. The fall was caused by the fears of global crisis that increased due to low US earnings and quite negative forecasts. For instance, the Korea Composite Stock Price Index decreased by 7.8 percent thus reached the lowest level since July 2005 and the Kosdaq market declined by 7.97 percent to its lowest level that was ever reached.

According to the announcement made by the officials of the central bank of the country the foreign exchange reserves of the China increased up to $1.905 trillion at the end of September. However the foreign exchange reserves of the country were also growing throughout the previous quarters of the year and came to the point of $377 billion. But this number shows us a certain gradual decrease in the rate of accumulation that became apparent after the financial crisis affected Chinese economy.

NEW YORK. A financial information website Market Watch reported that gold futures dropped for the first time in three sessions Tuesday, as a rising dollar pressured prices and prospects that the $700 billion rescue plan may be soon passed depressed safe-haven buying.

The Central Bank of Philippines is going to cancel several requirements and restrictions in relation to the transactions made in foreign exchange. This move will enable importers and others possessing foreign currency accounts to get the USD easier. Furthermore this step will be third one of the foreign exchange liberalization of the country that has begun a year ago. It seems nothing will change Central bank’s opinion even the still decreasing national currency (peso) that has reduced over 12% in relation to the USD during this year.

The head of South Korea’s financial regulatory agency refuted the statement that the local markets may experience crisis due to capital outflow from the country this Monday. According to Jun Kwang-woo the chairman of the Financial Services Commission the country is quite ready to experience any increase in USD demand.