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    Home » 2016 » December » 20 » Euro retreats near the lowest level in 14 years against the US dollar
    6:20 PM
    Euro retreats near the lowest level in 14 years against the US dollar
    Euro-Asian market retreated on Tuesday against a basket of currencies, continuing his losses for the second straight day against the US dollar is close from the lowest level in 14 years, with continued concerns about deepening monetary policy difference between Europe and the United States, especially after raising us interest rates a quarter percentage point, and the dollar index climbed near the highest level in 14 years, continuing its gains for the second consecutive day, with continued buying the U.S. currency against most currencies, especially low-yielding currencies.


     
    Euro
     
    The euro was 0.5 percent rate yesterday against the US dollar, resuming his losses that stopped temporarily Friday within breathtaking operations, the U.S. currency's strength overshadowed positive data from Europe showed the rise outstripped expectations for confidence in the business climate in Germany during December.


     
    Trading pair euro against the US dollar by 07:45 GMT about 1.0385 level of opening price 1.0401 after registering the highest price lowest price and 1.0418 1.0475.


     
    The euro continued its decline for the second straight day against the US dollar, closing in from the lowest level in 14 years, $1.0366 last Thursday, this comes with continuing concerns about deepening monetary policy difference between Europe and the United States, under a broad incentive policy implemented by the ECB in Exchange for us to raise rates a quarter percentage point and tighten monetary policy.


     
    USD
     
    The dollar index ended yesterday's trading higher by 0.3%, called the gains stopped Friday by correction and profit, the cursor may realized last week rose by 1.2 percent, the second straight weekly gain, with the U.S. currency purchases, accelerated after the Fed's decision "us" on Wednesday raised interest rates a quarter percentage point to 0.75% for the first time in a year, and pointed to raise rates three times by 2017.


     
    The dollar index is trading at 07:46 GMT around 103.30 points from the opening level of 103.07 points and record the highest and the lowest point 103.38 102.96 points.


     
    The dollar index continued to climb for the second consecutive day, closing in from the highest level in 14 years, 103.56 points, with continued buying the U.S. currency against most currencies, especially low-yielding currencies euro, Japanese yen, and absent today important data from the United States on the economic agenda and is expected to continue buying u.s. currency under steady basic motivations in global currency markets.
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