Dollar falls against the euro against the backdrop of weak macroeconomic data
December 24, 2008 – 6:13 amExchange in Asian trading the dollar on Thursday 27 November, falling against the euro, played the day before retreating to the heights because of the unfavorable statistics, but the high liquidity of U.S. currency retained its drop.
came on the eve of declining business Activity Midwest USA in October, reducing sales of new homes, weakening the confidence of American consumers and a sharp drop in orders for durable goods.
Analysts believe that traders questioned the ability of the U.S. hold the position over the medium term, referring to U.S. budget imbalance, aggravated by the recent government measures to support the economy.
Trading in Asia were weak note today before the U.S. Thanksgiving Day.
euro / dollar to 9:25 PM EDT grew by 0.3% to $1.2923. During the last session, it fell to $1.2819, as investors pessimistic listened to the decision of European authorities to allocate 200 billion euros to combat the financial crisis. Dollar-yen rate fell by 0.7% to 95.06 units of the Japanese currency.



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