Dollar Tumbles on each side

The U.S. dollar fell against all major currency pairs yesterday. This was in response to traders falling dollar, as stocks climbed after the S. U. sales Retail rose more than predicted, and the Asian governments pledged to maintain its economic stimulus spending. In October, retail sales increased 1.4%, against forecasts for a 0.9% increase. The stock market rally to the Standard & Poor's 500 index 13-month high, as it rose to 1.2% over 1105. What is significant according to the U. S. Department of Commerce, Retail Sales rose by 2.3% decrease in September.


The dollar fell to 15 - month low against the pound as the currency pairs. This is when the pair rose up 165 pips at the 1.6876 level. The USD / JPY border is also significantly reduced 52 pips yesterday at the 89.04 mark. The EUR / USD pair rose 20 pips to 1.4985 level. Moreover, the dollar lost ground against the Canadian dollar as the day dragged on trading. The S. U. Dollar Index, which tracks the U.S. currency of America's largest trading partner, fell by 0.7% to 74,834 after achieving 74,679. This was the lowest level since August 2008.

Looking ahead to today, is much more encouraging economic news, set to be published in S. U. The most important will be the PPI and Core PPI at 13:30 GMT, the Long-Term TIC Purchases at 14:00 GMT and 14:15 GMT on industrial output publication. All versions are set to very large impact on both the volatility and the strength of the USD. The Forex market is expected to have very volatile before, during and after the publications. Recommended, such as your job in dollars, although the opportunity to make large returns today.

WORLD FOREX: Euro Pares Gains as Nikkei weak fear Increases Risk

Wednesday brought the euro as early gains against the dollar and the Yen as a weak Japanese stocks prompted speculators to sell the safe harbor for American and Japanese currencies.

Early in the day, climbed the European currency as high as $ 1.4890 and Y133.00, boosted by higher crude oil and gold prices, which often use the euro, because the risk investors less-averse.

But inspired by the fall of the Nikkei Stock Average 225 in negative territory in euro traders to load. Around 0530 GMT, the Nikkei fell 0.8%.

The "Tolerance to reduce the market risk" if the Nikkei, "said Yuzo Sakai, manager of currency at Tokyo Forex & Ueda Harlow. Is a" slow Asian shares, and negative impact on the currencies also riskier. "

The euro was at Y132.70 from 0450 GMT, against Y132.84 late Tuesday in New York, and at $ 1.4875 compared with $ 1.4869.

Traders said the market watch the Bank of England minutes of the November conference, due 0930 GMT, and the S. U. October consumer price index and housing starts to run, both scheduled for release 1330 GMT. If this paints a hopeful picture of the global economy, one that would lift the European currency, traders said.

Meanwhile, the unit fell slightly against the U.S. Yen to Y89.17 from Y89.30 night in New York, as traders bought the Yen in currency Australian dollar and the euro, the sale of U.S. dollar in process.

The Dollar Index, which tracks the dollar in trade-weighted basket of the currencies it, was at 75,276 of the 75,301 in New York.

Earlier in the Asian market, as gold hit a new record high current $ 1144.07. Future crude oil on the New York Mercantile Exchange hit five-session peak of $ 79.62 per bairille.