DECLINE in the PRICE of the DOLLAR in yesterday's trading (7/24/2013)

[ALBUNDY]

Decline in the price of the dollar in yesterday's trading

 

 

 

 

 

7/24/2013

 

 

 

 

 

The cause of decline in U.S. Treasury bills yields of Iqbal people to buy the U.S. currency, led to the dollar's decline somewhat in Asia yesterday.

 

 

 

The Australian dollar offset losses ahead of the release of local inflation data. Taking read data showed the weak inflation, on Wednesday, will support the point of view of those who say that the RBA will cut interest rates next month, which could affect the currency.

 

 

 

The Australian dollar was steady against the U.S. dollar at $ 0.9253 after rising earlier to its highest level in a week at $ 0.9284.

 

 

 

Against the Yen the U.S. dollar fell to its lowest level in a week to 99.13 yen in early trading, but quickly offset losses to score 99.51, down 0.1% from the previous closing in U.S. trading.

 

 

 

The euro rose 0.1% to $ 1.3191 after scoring in the previous session, its highest level in a month at $ 1.3218. And went down the dollar index, which tracks the price against a basket of currencies to 82.190, but the cohesion above its lowest level in a month at 82.47.

 

 

 

THE LINK : http://www.alestiqama.com/news.php?cat=business&id=2647

Edited July 25, 2013 by ALBUNDY