The dollar recorded the biggest drop for a single day since January
The dollar recorded the biggest drop for a single day since January
Tuesday, October 7th, 2014 09:25
Baghdad / follow Baghdadi News .. stop the rise of the dollar on Monday, with the emergence of profit-taking after a strong jobs report in the United States, which was issued on Friday and reinforced the view that the Federal Reserve will raise interest rates in mid-2015.
The greenback fell for 12 consecutive weeks of gains since early July, the longest string in the rise of more than 40 Aama. Analysts believe that the dollar will resume an upward trend with the growth of the American economy is likely to pace faster than Europe and Japan in the foreseeable future, and China show signs of slowing down.
Martin said Chordfjr expert currencies in Ta.da Sekeortiz in Toronto “in the absence of data important American people decided to sell to reap the profits of their positions creditor.”
The dollar index, which measures the greenback’s value against a basket of six currencies Risah- 1.06 percent to 85.778 in late New York trade, the biggest drop for a single day since January. The index jumped Friday to the highest level in four years at 86.746. During its upward trend which lasted 12 weeks, the dollar gains amounted to about 7.7 percent.
Against the Japanese currency the dollar for the biggest decline in a single day since April, with falling 0.90 percent to 108.78 yen after it was jumped on Thursday to 110.09 yen, its highest level in six years.
The euro rose 1.08 percent against the Alamlhalammerakih, the biggest increase for a single day since March to 1.26510 dollars away from its lowest level in two years of 1.25005 dollars, which has fallen to him on Friday.
Among other currencies, the Australian dollar jumped about 1 percent, to 0.8762 dollars after he fell to the lowest level in more than four years at 0.8642 dollars on Aljmah.anthy / Agencies
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