USD Up vs. GBP, Down vs. JPY, Fluctuates vs. EUR
The macroeconomic data from the US was rather mixed today, making the US dollar fluctuate against the euro. The US currency gained versus the Great Britain pound, but fell versus the Japanese yen.
The report about the import and export prices in the US was positive. Export prices increased 0.5 percent in August, following the 0.4 percent drop in July. Import prices decreased 0.4 percent last month (led by the 1.8 percent decrease in fuel prices), but that’s still better than the forecast of a 0.7 percent decline.
On the negative side, the Treasury budget deficit widened in July. The Department of the Treasury reported the deficit was $134.2 billion in August, compared to the deficit of $129.4 billion in July. Market analysts that the deficit of budget would shrink to $128.4 billion.
EUR/USD traded near its opening level of 1.3679 as of 22:06 GMT, following the drop to the daily low of 1.3557. GBP/USD fell from 1.5867 to 1.5779, while USD/JPY dropped from 77.18 to 76.92 today.
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Earlier News About the US Dollar:
- US Dollar Suffers From Terrible Nonfarm Payrolls (2011-09-02)
- US Manufacturing Expands, Dollar Profits (2011-09-01)
- USD Gains vs. EUR & CHF, Falls vs. JPY (2011-08-30)
- Fundamentals are Bad for US Dollar, But Week Wasn't Bad (2011-08-27)
- Dollar Drops After Bernanke Speech & GDP Report (2011-08-26)