Home
The dollar fell on Wednesday from 1.2502 to 1.2556 per euro, after the published data relating to shtatskata economy disappointed market participants
News from overseas showed deeper than expected decline in the index of producer prices and lower growth in retail sales on a monthly basis. However, data from the eurozone showed improving views to industrial production in Europe. The currency pair EUR / USD reached 1.2610 at day when they cross – which met strong opposition and interest for sales quotations fell back to 1.2550.
Some recent withdrawal of investors from the dollar because of speculation that the weakening U.S. economy could lead to conducting a new round of “liquidity injections” by the Federal Reserve as a measure to deal with problems in the country. Another factor also affects in the same direction, from the beginning of the month spreads reversed and began to support the euro, which implies short-term equilibrium value base around 1.2700 area.
The dollar fell to 79.47 yen and British pound advanced to 1.5569 from 1.5504 to.
Meanwhile, took place yesterday in the German auction for government securities, the yield on the issue of 10-year maturity rose 1.5%, which in turn indicates that the debt crisis began to strengthen its influence even on the sides of the “backbone” of the Eurozone.
