FXstreet.com (Barcelona) - Asian stocks are rising as earning reports have boosted confidence the world recession is easing and markets are continuing yesterday's Wall street increases. Trichet comment's in Tokyo that ECB must do everything to restore corporate confidence and asking for more rate cuts are pushing pressure to the Euro. EUR/USD is below 1.3100, EURGBP has fallen close 0.8800 and EUR/JPY has tested the 130.00 key level.
Tokyo's Nikkei rises 1.74% along the day, the Hang Seng index is 1.42% higher, the MSCI Asia Pacific Index advance 0.8% and it is posting 1.9% increases on the week, a sixth weekly increase consecutive, the longest winning time since December 2006.
EUR/USD is falling 0.63% from today's opening price at 1.3186 to the currently 1.3104. GBP/USD has touched 0.8800 level, currently is trading around 0.8840/50. EUR/JPY has fallen 0.80% on the day to test the 130.00 level, currently is trading around 130.30/40
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