* Euro under pressure due to the debt problems of the Irish
* U.S. market was around the same rate of return associated with poor
Reuters, New York, November 15 - --- Dollar against the euro hit a six-week high on Monday, the market worried about the solvency of Ireland, and worry about the debt problems of the country I am afraid to bring disaster to the entire euro zone, the dollar's safe-haven appeal to rekindle .
According to EBS data, U.S. bond yields also supported the dollar rose against the yen, the dollar since October 5 to the highest level. The dollar / yen is most sensitive to changes in yields on the two currencies are the carry trade investment who favored funding currency.
Greater than the increase in U.S. bond yields in Japan, so the dollar raising the cost of carry trades. This should encourage investors to use both interest rates and lower volatility of the yen as a funding currency, return to the speculative assets.
Euro fell below 1.36 dollars, the recent material will remain under pressure as investors concerned about the financial plight of Ireland and Portugal, and waiting for Tuesday and Wednesday at the European finance ministers meeting.
"In the past few days has been the most important European focus, and this increases the euro's weakness," Espirito Santo Investment SA in New York, head of trading bonds and Greg Farinella said. Espirito Santo is a Portuguese bank Banco Espirito Santo's second-largest investment bank subsidiary branch.
Ireland, on Monday denied an application made to support the financing finances. But the Irish Prime Minister Brian Cowen (Brian Cowen), said the high cost of financing the country's banking sector will make it difficult to support economic recovery.
Irish high borrowing costs and a huge deficit on the Greek market once again raised concerns about the crisis to reproduce. After Greece was a country's debt crisis hurt the entire euro zone.
Late in the session, ICE Futures U.S. dollar index rose 0.6% to 78.532, 78.707 touched intraday high of 10 points since early high.
U.S. investors cut short position ** **
Commodity Futures Trading Commission (CFTC) data, currency speculators have cut U.S. short positions last week. The dollar size of net short positions decreased to 21.85 billion U.S. dollars, to 24.53 billion U.S. dollars the previous week.
The dollar rose 0.6% to 83.01 yen, trading platform EBS earlier in the nearly six-week high of 83.28 hit, due to gains in U.S. bond yields boost.
Monday, 10-year U.S. Treasury yields hit a three-month high, traders and investors to settle the Federal Reserve announced further 6,000 billion bond purchase plan established positions. U.S. dollar against the yen following the trend in bond yields for the biennium, Monday, 25 correlation between the two is 0.84.
Since the Federal Reserve announced on November 3 increase the purchase of bonds scheme, the benchmark 10-year yields have climbed more than 0.25 percentage point to 2.93% on Monday clinics, at least from the highest level since early August. Biennium bond yield rate rose to 0.53%, the highest for two months.
Late afternoon, the euro / dollar fell 0.8% to 1.3577, after earlier had dropped to 1.3564, which is from the lowest level since the end 9. A month, the euro recorded a 2.7% decline.
Portugal is a sovereign debt crisis still one of the greatest concern of investors. Financial Times on Monday quoted Santos as saying the Portuguese Finance Minister, said the higher risk of seeking external financial aid.
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