On Wednesday, the dollar decline against the euro, was limited after the publication of a report by the European authorities, which stated a possible postponement of the next tranche of financial assistance provided for Greece.
This was due to the decision of the Greek government to hold a referendum on the latest rescue plan for the country. So the transaction of 8 billion euro, which should take place in mid-November may be postponed until January, after the referendum.
The euro rose against the dollar from $ 1.3697 to $ 1.3747, reaching a daily peak at $ 1.3826. Besides the uncertainties in Europe, to reduce losses for the greenback, affected the reports of the Federal Open Market Committee, reflecting a positive attitude about the U.S. economy and data on employment growth in the country, pointing 110,000 new jobs added.
At a press conference yesterday, Governor of the Federal Reserve - Ben Bernanke, lowered forecasts for growth of U.S. economy in 2012 and 2013 and confirmed those of rising unemployment.
Against the Japanese yen, the dollar fell from 78.34 to 78.06 yen per dollar, but against the British pound greenback did not register significant change, ending at a rate of $ 1.5948.
Currency pair USD / CHF fell to 0.8834 from 0.8868.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Daily Commentary - Decline of the Dollar, Despite Positive U.S. Data
Published 11/03/2011, 05:11 AM
Updated 04/25/2018, 04:40 AM
Daily Commentary - Decline of the Dollar, Despite Positive U.S. Data
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.