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Dollar captures its breath after a strong rise
June 21, 2013 12:00 PM Last Updated: June 21, 2013 12:13
Dollar retreated from its highest level in two weeks against a basket of major currencies on Friday, but he is about to record its biggest weekly gain in a year on expectations to end the U.S. monetary stimulus program.
, after a big rise over two days has some speculators reap profits from the dollar. This helped the euro to recover from its lowest level in two weeks, which struck on Thursday.
but it is not expected to continue rising euro interest rates because the factors are in favor of the dollar. Moreover, the high yields of Southeast Europe in the light of the wave of selling in the markets, global bond hold the problems of the euro zone.
settled the dollar against a basket of currencies at 81.917 away from its highest level in two weeks of 82.145 hit on Thursday, but high 1.6 percent over the week.
The euro was steady at $ 1.3215, but stayed away too much about the highest level in four months of $ 1.3414 hit on Wednesday.
dollar rose 0.6% against the Japanese currency to 97.85 yen, just shy of 98.29 yen, the highest level recorded on Thursday. According to Reuters.
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June 21, 2013 12:00 PM Last Updated: June 21, 2013 12:13
Dollar retreated from its highest level in two weeks against a basket of major currencies on Friday, but he is about to record its biggest weekly gain in a year on expectations to end the U.S. monetary stimulus program.
, after a big rise over two days has some speculators reap profits from the dollar. This helped the euro to recover from its lowest level in two weeks, which struck on Thursday.
but it is not expected to continue rising euro interest rates because the factors are in favor of the dollar. Moreover, the high yields of Southeast Europe in the light of the wave of selling in the markets, global bond hold the problems of the euro zone.
settled the dollar against a basket of currencies at 81.917 away from its highest level in two weeks of 82.145 hit on Thursday, but high 1.6 percent over the week.
The euro was steady at $ 1.3215, but stayed away too much about the highest level in four months of $ 1.3414 hit on Wednesday.
dollar rose 0.6% against the Japanese currency to 97.85 yen, just shy of 98.29 yen, the highest level recorded on Thursday. According to Reuters.
[You must be registered and logged in to see this link.]
