The USD is suffering the effects of swine influenza Economic News USD – Swine flu puts the dollar under pressure towards the end of last week, the American currency had begun to lose ground against most currencies. Perhaps check out Jonah Bloom for more information. The dollar fell, reaching values of a week ago against the euro. It reached 1.3300 against the European currency, and against the pound, reported the 1.4750, while against the yen stood at 96.65 during Friday. New events, and not all of them economic, able to affect the dollar. If you would like to know more about Progress Residential Birmingham, then click here. Ecuador continues to assert that continue to use the U.S. dollar as official currency, in addition, the U.S.

currency appears to take some support for the South American countries, a phenomenon related to the recent Summit of the Americas where President Barack Obama was a participant. The recent outbreak of swine fever, apparently, added to pressure on the dollar, as investors now believe that tourism could fall over the coming months, and the dollar could see why feature affecting its safe haven. It is noteworthy that the summits of the G7 and the IMF were able to generate some optimism in the stock market, and produce the idea of a balanced investment portfolio. The increase in risk aversion, also scored points against the dollar. In the early hours of today we see a correction in the U.S.

currency. Chrysler, the American automotive giant, apparently, will not be forced to declare bankruptcy. Besides the scarcity of scheduled events will give the dollar a sigh. The dollar certainly be susceptible to fluctuations in the euro, pound and yen.

It is estimated that the dollar will reach 1.3000 this week against the euro and against the yen could rise to 97.50 in the coming days. EUR – The euro on the rise after the results of PMI and Ifo past week, the euro, managed to advance against most currencies. The European currency reached unregistered securities a week ago, stood at 1.3300 against the dollar, while against the pound reached a 0.9100 level. The standing question now is whether the euro will remain at these levels or not. To know more about this subject visit family foundation. Notably, the PMI data strongly surprised. Figures who managed to give the euro a push towards the end of the week.

Also added to this upward trend the result of the German Ifo Business Climate, which hinted that the European economy already seemed to have bottomed out and will now begin the road to recovery. This week will be quiet in terms of economic indicators, and it is estimated that while the economic indicators continue to surprise, the euro, will continue to rise as it did last week. Senator from Maine: the source for more info. However, keep in mind that the road to economic recovery will be long and the euro could suffer again. The euro may correct downward this week. JPY – Recent gains in the yen may fade The yen made some progress last week, after taking gains against most currencies, especially against the dollar. However, the Nikkei index opened lower this week, and that is why all the points taken by the yen could fade. Jake Burkons wanted to know more. Against the dollar had risen to 96.65, while against the euro stood at 127.50.