December 2nd, 2009
During the week the dollar depreciated 1.18% against the euro and appreciated by 1.24% relative to the yen. Thus, at the end of the week, the dollar was quoted at 0.6709 euros and 90.86 yen. Similarly, the price of gold continued its upward trend, reaching in excess of U.S. $ 1.064 a troy ounce to close the week at U.S. $ 1053.30.
Thus, the behavior was maintained last week the U.S. currency weakness against the euro and some recovery in value against the yen. The recovery of value against the yen should not be taken as a trend, but as a fluctuation in general the dollar remains weak against all major currencies in the international economy. This week ended the American currency fell to a
Tags: dollar, euro, Exchange rate, exchange rates, yen
December 2nd, 2009
During the week of 11 to 18 September, the dollar depreciated 0.9% against the euro appreciated 0.7% against the yen. Thus, so far this year, the dollar has accumulated a 5.4% depreciation against the euro and a 0.6% appreciation in the yen. By September 18 the dollar was $ 1.47 per euro, from 91.40 yen per dollar. In this context, increased its gold price by 0.13% during the week.
During the week we had favorable news about economic developments in the U.S., standing, estimates of growth of retail sales and industrial production growth. In this context, Ben Bernanke, Federal Reserve chairman, said on the possible end of the recession in the U.S. This statement had an impact negatively on the price of the dollar against
Tags: dollar, Exchange rate, sun, yen
December 2nd, 2009
The dollar experienced significant declines against the euro, yen and gold, in the week ending Friday 11 September. The American currency has depreciated 1.9% against the euro, 2.47% against the yen and 1.15% with gold. At Friday 10, the euro traded at $ 1.4572 and the exchange rate with the yen was 90.73 yen per U.S. $. For the gold, the price of the precious metal passed the barrier of U.S. $ 1.000: U.S. $ 1005.85 to Friday 11.
The high depreciation of the U.S. currency, analysts said, is explained partly by investors bet a quick way out of recession by the rest of the world in relation to the United States. It is also influencing the differential financial performance against the dollar. The American interest rate is below that of Europe and Japan, generating a flow of capital from the dollar and into other currencies, affecting the price of the American currency. Read the rest of this entry »
Tags: dollar, euro, Exchange rate, gold, sun, yen
