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Forex: Tuesday’s review
Yesterday the dollar and yen fell against its most traded counterparts as the better-than-expected data on house prices and consumer confidence, demand for refuge assets.
The euro rose against the dollar after the European Central Bank Governing Council member Ewald Nowotny said he does not see the need to cut interest rates further at the moment, as investors had expected. Also increased the probability to provide slop Spain. The shares rose as consumer confidence in the U.S. in September reached a seven-month high.
Also, after the Spanish auction three-month yield bonds rose to the level of 1.203%, compared with 0.946% at the previous auction, which took place on August 28.
The data also showed that the index of German and French business confidence remained unchanged, while in Italy the figure fell to 15-year low.
The dollar index, which tracks the dollar against the currencies of six trading partners, the U.S., fell 0.1% to 79.408.
Canadian dollar rose after the retail sales rose in July, more than economists forecast, while showing the largest increase in new car sales in January.
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