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Dollar climbs on a large scale
Topic has been read 118 times
15/03/2012
LONDON (Reuters) -
The Dollar recorded the highest level in 11 months against the yen and the highest level in a month against the euro on Wednesday with the expectation of further gains after a modest improvement in the economic outlook for the Federal Reserve (U.S. central bank) and the strong U.S. data weakened the position of the dollar as a funding currency.
And recorded revenue bonds U.S. Treasury to order two years the highest level in seven and a half months after the strong data on retail sales, which reduces the appeal of the dollar to fund investments in assets of high-yield. Traders said the export companies of Japan are reluctant to sell the dollar now is a result of expectations of his rise more. And pushed these factors the dollar to record 83.41 yen in European trade, its highest level since mid-April, and at altitudes of about 0.7 percent. The euro and fell to its lowest level in at 1.30308 dollars on any trading platform. CBS. To lead to sales for the stop-loss below the level of support of $ 1.3054. And recovered at a later time to 1.3052, down 0.2 percent from late trading on Tuesday.
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Topic has been read 118 times
15/03/2012
LONDON (Reuters) -
The Dollar recorded the highest level in 11 months against the yen and the highest level in a month against the euro on Wednesday with the expectation of further gains after a modest improvement in the economic outlook for the Federal Reserve (U.S. central bank) and the strong U.S. data weakened the position of the dollar as a funding currency.
And recorded revenue bonds U.S. Treasury to order two years the highest level in seven and a half months after the strong data on retail sales, which reduces the appeal of the dollar to fund investments in assets of high-yield. Traders said the export companies of Japan are reluctant to sell the dollar now is a result of expectations of his rise more. And pushed these factors the dollar to record 83.41 yen in European trade, its highest level since mid-April, and at altitudes of about 0.7 percent. The euro and fell to its lowest level in at 1.30308 dollars on any trading platform. CBS. To lead to sales for the stop-loss below the level of support of $ 1.3054. And recovered at a later time to 1.3052, down 0.2 percent from late trading on Tuesday.
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