The Dollar fell against the Yen on Thursday, dragged down by disappointing news in the US housing sector and steep losses on Wall Street. However, the Dollar was slightly higher against the Euro, which came under pressure as soft data cooled expectations of higher euro-zone interest rates. The Ifo report followed data showing declines in manufacturing and service sector activity in France, Germany and the wider euro zone.
Modest gains in Oil prices also weighed on the Dollar on Thursday. US crude futures rose 0.8% to 125.50 per barrel. The biggest mover among major currencies on Thursday was
Sterling, which fell sharply against the Euro and Dollar on the 3.9% fall in June UK retail sales.
Disclaimer: All information on this web site is subject to change. The use of this web site constitutes acceptance
of our user agreement. All publisher financial articles at
FXtree.com are those of the individual authors and do not represent trading recommendations
of FXtree.com or its staff.
