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Dollar reaches eight-month low versus euro & Pound, Drops vs yen
The u.s. dollar fell today to the lowest level since February against the euro and British pound before rebounding and extended its decline versus the Japanese yen. The dollar weakened the speculation that the federal reserve will resume their purchases of government debt to stimulate the US economy.The index of the dollar, which tracks the American currency in the currencies of six major States trading partners, rose 0.3 per cent to 77.63 of tumbling to 76.91, the lowest level since January 15.Ben Bernanke, the Fed Chairman, said this week that the previous round of purchases of assets was favourable to the economy and buy more likely it is that same ayudaría.Al time, European countries is expected to prevent the introduction of the stimulus, the prospects which was supported by the decision of the UK central bank today to keep its rates unchanged.
Analysts still divided on the next move of the dollar against the euro.Algunos say that it has not changed anything essential and the dollar remains remarkably weak and should decline further.Another opinion, said that the euro is overbought and soon the correction should occur.
EUR/USD was gradually rising, touching the intraday 1.4027, but then fell sharply, yet resumed his advance and traded near 1.3922 as of 19: 14 GMT.GBP/USD showed the same trend, growing at 1.6016, but before declining 1.5876.DOLAR/YEN Japanese slowly declined and traded to 82.37 after opening in 82.93.
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