Dollar up with the decline in the hopes of monetary easing

Dollar up with the decline in the hopes of monetary easing

16-08-2012 11:38 AM

The dollar rose to its highest level in a month against the yen and rose against the euro after the release of U.S. economic data, on Wednesday, calls for optimism, supported the Treasury yields and reduced expectations stimulate a critical part of the Federal Reserve (U.S. central bank). data showed today, the growth of industrial production, the U.S. last month the fastest pace since April, when recorded in the confidence of homebuilders in August, the highest level in more than five years. and came after the issuance of other data yesterday showed U.S. retail sales rose in July for the first time in four months. That prompted some analysts to believe that the slowdown in economic growth in the United States in the second quarter would be temporary, leading to higher return on U.S. Treasury bonds. and increased the dollar index, which measures the value of the currency against a basket of currencies of 0.23 percent, to 82.668. and down euro 0.3 percent to 1.2285 dollars and 0 percent to 1. In the 96.91 yen. U.S. currency and increased 0.22 percent to 78.89 yen, after earlier rising to the highest level in the month amounted to 79.04 yen according to Reuters.
Source: ahraraliraq