The dollar fell against the euro and yen on Tuesday as upbeat U.S. data and the appointment of Ben Bernanke for a second term as Director of the Federal Reserve has led some investors to buy foreign currency returns over high and assets.
Le dollar a cependant été bien inférieures à ses plus bas en séance contre l'euro et réussi à se hisser dans le commerce mince face aux autres devises importantes, dont la livre britannique, ont des opinions différentes au sujet du commerce de solides données économiques américaines resulted Price Action divergent.
Analysts say that some have seen a strong U.S. economic data as a signal to buy riskier assets, while others hoped for a U.S. economic recovery and interest rates higher, which increases the attractiveness of the dollar.
"This push and pull of two different viewpoints, it is because you see this ambivalence in the currency market," said Samarjit Shankar, director of global FX strategy BNY Mellon University in Boston. "There are those who believe the dollar could be supported on the backs of the U.S. recovery."
The euro rose 0.1 percent to $ 1.4308 from $ 1.4361 EUR = hit before, while the dollar fell 0.4 percent to ¥ 94.13 JPY =. Sterling fell 0.4 percent to $ 1.6351 GBP =.
The euro showed little reaction to data that confirm that the German economy grew 0.3 percent in the second quarter and is out of the recession. For more information, see [ID: nLO664090].
The relatively high efficiency of the Australian dollar to invest profits earlier and fell 0.3 percent to $ 0.8355 AUD = U.S. when the dollar rose 0.9 percent against its Canadian counterpart to C $ 1, CAD =. 0855 Bank of Canada Deputy Governor Timothy Lane announced Tuesday its withdrawal from the country is likely over effects warned about the strength of the currency in excess. [ID: nN25216065]
Bernanke Returns
President Barack Obama on Tuesday applauded the Fed's Bernanke to guide the economy through its worst recession since the Great Depression, and asked to lead the U.S. central bank for four years.
"Obama's decision was motivated by the perception that ... global financial markets desperately need a sense of stability at a time when the banking system remains vulnerable to further write-downs and contraction of credit" said Boris Schlossberg, director of FX research at GFT New York.
Data showing U.S. consumer confidence rose in August, while prices for detached houses rose for the second consecutive month in June also whetted investor appetite for risk. [ID: nN25205751]
"These numbers are definitely quiet," said Melvin Harris, a strategist at Advanced Currency Markets in New York. "The numbers are the high consumption - are an indicator that people are willing to spend and what matters for growth."
Bernanke Returns
President Barack Obama on Tuesday applauded the Fed's Bernanke to guide the economy through its worst recession since the Great Depression, and asked to lead the U.S. central bank for four years.
"Obama's decision was motivated by the perception that ... global financial markets desperately need a sense of stability at a time when the banking system remains vulnerable to further write-downs and contraction of credit" said Boris Schlossberg, director of FX research at GFT New York.
Data showing U.S. consumer confidence rose in August, while prices for detached houses rose for the second consecutive month in June also whetted investor appetite for risk. [ID: nN25205751]
"These numbers are definitely quiet," said Melvin Harris, a strategist at Advanced Currency Markets in New York. "The numbers are the high consumption - are an indicator that people are willing to spend and what matters for growth."
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