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Currencies  |  August 26, 2010 15:23:06

FOREX: The dollar bounced from the 15-year lows against the yen


The U.S. dollar was reflected in the center of fresh 15-year lows after harsh rhetoric of Japanese Finance Minister, but also lost a monthly peak against the euro and pound after macrodata influx significantly worse. There is growing concern as the largest economy back towards recession. Re considerations regarding the stimulation of growth in the market causing uncertainty and short-term dollar may push the defensive. A majority consensus estimate assumes review of Friday's USA for 2Q GDP significantly down from the preliminary 2.4% to 1.4%.

The main currency on Tuesday plummeted against the yen up to Y83, 58, the lowest level since May 1995 that finally ended at Y84, 18It also climbed against the euro against the U.S. real estate market data, seven-week highs and closed $ 1.2587 $ 1.2636. On Wednesday, the dollar managed to strengthen against the yen at 84.76 yen against the euro but lost 0.2% to $ 1.2672. The common Euro currency on Tuesday plummeted against the yen at Y105, 42, the lowest level since July 2001.

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