Forex News from New Forex: The US dollar falls against the major currencies
In the trading on Friday, May 22, the dollar plummeted versus the basket of major currencies, as investors are in the expectation of the US inflation data. On Thursday it was reported that the number of citizens applying for the initial jobless benefit rose by 10,000 to 274,000.
The US National Association of Realtors stated that in April home sales declined by 3.3% to 5.05 mln. units. According to the report of the Federal Reserve Bank of Philadelphia the manufacturing index in the state slipped from 7.5 in April to 6.7 in May.
The dollar index slid 0.57% to 94.93. In this situation the euro jumped 0.78% to 1.1199 versus the greenback. The European currency got support after the announcement of the ECB President Mario Draghi that the ECB policy accelerates the recovery of the Eurozone economy.
The pair pound/dollar is trading at 1.5652. The dollar has dropped against the yen and the Swiss franc by 0.22% and 0.84% respectively. The Aussie is steady, the pair AUD/USD is at 0.7896, but the kiwi has strengthened against the buck by 0.29% and rose to 0.7369.
In the trading on Friday, May 22, the dollar plummeted versus the basket of major currencies, as investors are in the expectation of the US inflation data. On Thursday it was reported that the number of citizens applying for the initial jobless benefit rose by 10,000 to 274,000.
The US National Association of Realtors stated that in April home sales declined by 3.3% to 5.05 mln. units. According to the report of the Federal Reserve Bank of Philadelphia the manufacturing index in the state slipped from 7.5 in April to 6.7 in May.
The dollar index slid 0.57% to 94.93. In this situation the euro jumped 0.78% to 1.1199 versus the greenback. The European currency got support after the announcement of the ECB President Mario Draghi that the ECB policy accelerates the recovery of the Eurozone economy.
The pair pound/dollar is trading at 1.5652. The dollar has dropped against the yen and the Swiss franc by 0.22% and 0.84% respectively. The Aussie is steady, the pair AUD/USD is at 0.7896, but the kiwi has strengthened against the buck by 0.29% and rose to 0.7369.