Tuesday 27 September 2011

Dollar Higher vs. Rivals Amid lingering E.Z. Concerns

U.S. dollar was higher against most market sentiment on Tuesday, weighed on the euro, but strengthened by comments from Finance Minister of Spain.

Europe in the morning, the dollar EUR / USD 1.3512 0.16% to the slide, rose against the euro.

Finance Minister, Elena Salgado, Spain, 2000000000 Fund says it plans to raise € on the table after the euro fell to non-recovery of the euro area.

Also Tuesday, the index German GfK consumer sentiment in August, a report showed that 5.2 had. Analysts had expected the index fell by 5.1 last month.

Dollar also GBP / USD 1.5548 0.10% to the slide, rose against the pound sterling.

Meanwhile, the U.S. and the yen higher against the Swiss franc and dollar / yen 76.43, with a gradual increase 0.09% and USD / CHF 0.9029 to reach is increased by 0.14% of.

Official data on the weight of a strong Swiss franc as the UBS consumption indicator of consumer confidence, a revised 28.1 reading in August, and 0.79 in the previous month declined to show.

Also Tuesday, the Japanese government announced new measures to reduce the impact on the yen stronger economy and restructuring costs, a supplementary budget to fund said it intends to approve the measures before the end of the year.

Dollar up 0.14% to 1.0266 USD / CAD and the Australian dollar and New Zealand rose against the face down to his Canadian counterpart and the AUD / USD 0.9894 0.61% to meet the rising and NZD / USD 0.7876 0.94% increase to reach.

Commodities related to New Zealand and the Australian dollar found support commodity prices recovered after heavy losses in recent days.

Monitors the performance of a basket of foreign currencies against the dollar index, six dollars, to 78.98, rose to 0.27%.

Later in the day, Richard Fisher, a member of the U. S. Federal Open Market also discussed the report that consumer confidence would be free.

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