Dollar falls after weak data and expectations of the IMF

Dollar falls after weak data and expectations of the IMF

15-04-2015 02:49 PM

Dollar falls after weak data and expectations of the IMFThe dollar on Tuesday, after the release of US retail sales data for March / March last, which came in below expectations, although it is the strongest in the year, which launched a wave of selling pushed the US currency to decline after strong gains in the previous week. At the same time, she received outlook for the US economy a second blow from the International Monetary Fund cut its forecast US growth to 1.3 percent for the current two-year and next, from its forecast in January an increase of 3.1 percent and 3.3 percent, respectively. The dollar rose three percent last week, supported by speculation that the lifting of the Central Bank US interest rates, in contrast to the accommodative policies in other parts of the world, which created a scenario to reduce the purchase of dollar centers. The global director of strategic currency at ‘Brown Brothers Harriman’ in New York, Marc Chandler: ‘would not be surprised if people reduced expectations for GDP GDP in the first quarter because of the data. Add to that the International Monetary Fund data .. I think you will find justification for reducing the centers (the dollar). ” The euro rose 1.27 percent to its highest level of $ 1.0699 in the session on electronic trading platform ‘EBS’, and reduce concerns about Greece’s ability to repay debt by the deadline at the end of this month from the European currency’s ability to promote gains. The euro fell to its lowest level in two years against the yen, before that compensates losses to trade as high 0.43 percent to 127.5 yen. But the dollar fell 0.84 percent to its lowest level in session at 119.12 yen.

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