The Dollar Currency is falling again, and the Euro is now at 1.50
17 Nov
The dollar currency fell again this week and this pushed the Euro currency more near to 1.50 dollars. And all this just in the beginning of the Asiatic tour and a debate about the revaluation of the Chinese Yuan currency.
The change of the dollar currency against the rest of the main currencies are getting each time lower, the Euro has risen by another 0.57% to the 1.4988 dollars, very near to 1.50
The British pound currency is also rising, by 0.51% to 1,6762 dollars, the same thing happens with the yen currency, that rose by 0.34% against the dollar.
Japan was precisely one of the attention focuses in the currency exchange market. The Japanese GDP is growing by a 4.8% very more than the expected by analysts. At the same time,the data about the Japanese GDP was featured and began the four days long visit of Barack Obama in the region of Asia Pacific, whose leaders previously agreed to keep the stimulus plans to ensure the exit of the crisis.
USA and China launched new calls to the economic collaboration in a more equilibrate way, and at the same time, the president of the IFM, Dominique Strauss-Kahn, asked China to strengthen the Yuan currency to help improve the global economic situation, at the same time that defended the dollar as the international reference currency.
In front of the expectations around the Asiatic tour of Obama, one of the investment alternatives to the dollar currency, the gold, reached a new historical maximum. In his rally of nearly a 30% in 2009 surpassed the 1133 dollars per Oz.
The feature of the macroeconomic data in the US, did not affect in great measure the value of the dollar currency, an increase better than the expected in retailer sales, by1.4% in October, reaffirmed trust on the recovery of the consumption.
Now people is more inclined to risk, and is leaving the shelter currencies like the Yen, and the reference currency, the dollar.
Related posts:
- The Euro is low against the Dollar in expectation of this Thursday
- The Euro is Getting Cheaper Respect the Dollar
- Low interest rates are braking the Dollar and the Yen
- China will allow the yuan to be more expensive against the dollar
- Bernanke said that the Federal Reserve will not raise the interest rates
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