Financial and Business News

US Dollar with sudder decrease

The U.S. dollar sharply got cheaper against other major currencies after the Federal committee open market yesterday, in mid-session on U.S. markets, decided to lower the basic rate of the U.S. central bank by 75 basis points to 0.25 percent as a U.S. money make way most low among the currencies of leading industrial countries. Today at the beginning of the session of the European markets with U.S. money cheapen 0.40 percent to 1.4062 dollars to euros.
The dollar remains under pressure from the EUR as news that could negatively impact on the single currency data for inflation in the euro, which is expected to register a decline, showing a deepening recession in the currency union, negative for the dollar probably do will be current account data and applications for mortgage loans in the U.S. The main stock indexes in New York rose sharply upward, as Dow Jones Industrial Average increased by 4.20 per cent to 8 924.14 points, Standard and Poor's 500 by 5.14 percent to 913.18 points and the NASDAQ by 5.41 percent to 1 589.89 points. And since the beginning of the session the U.S. markets, U.S. currency was under pressure from each negative economic data showing a deepening recession in the U.S. after the Fed decision to leave the dollar sharply down. U.S. currency fell to 11-week bottom against the euro and to 13-year bottom against the yen. The cheapen dollar fell to 88.24 yen, the lowest level since August 1995 and against the single currency fell to 1.4192 dollars for euros, its lowest level since 30th September over to British money falls to 1.5611 dollars for the pound.
Profitability of 2, 5, 10 and 30-year U.S. government bonds yesterday reached its lowest levels in history. The index of currency trading in New York, which assesses the movement of U.S. money against 6 major currencies, fell by 0.9 percent to 79.946 points. U.S. markets fell by 13 percent from two and half its annual peak of 1.2330 dollars against the euro to reach October 28.
At the same time the price interbank loans in dollars also decreased by yesterday in London Liborat in dollars decreased by 0.02 percent to 1.85 percent, the lowest level since September 2004 onwards because of speculation that the infusion of dollars of market will continue.

Labels: Financial News

posted by Zoritza Petrova @ 7:03 AM