U.S. Dollar falls on Fed Beige Book
The U.S. dollar fell against major currencies in late New York trading on Wednesday as Federal Reserve's Beige Book helped lift investors' confidence on American economy.
The Beige Book indicated that there was no double-dip recession and that the economy continued to expand, although at a "modest pace.Air Jordan Shoes"
The dollar weakened as investors'confidence on the economy slightly recovered. The dollar index lost 0.7 percent to 75.42 on Wednesday.
The euro was under pressure over eurozone debt crisis,Stretch tricot knitted fabric but found some supports from Swiss central bank's decision on Tuesday to set a ceiling of the Swiss franc against the euro.
Germany's Federal Constitutional Court upheld the country's participation in last year's Greek bailout plan and the establishment of the European Financial Stability Facility. The news also supported the euro.
The Japanese yen rose against the dollar as the central bank of Japan decided to keep its interest rate unchanged at 0 to 0.1 percent.
Investors' focus began to shift to upcoming events on Thursday, including U.S.BlackBerry Wholesale president Barack Obama's job creation plan and European Central bank's decision on monetary policy.
In late Wednesday trading, the dollar bought 77.25 yen, comparing with 77.67 yen late Tuesday, and the euro rose to 1.4093 dollars from 1.3991.cheap adidas shoes
The British pound also rose to 1.5980 dollars from 1.5936. The dollar fell from 0.8615 Swiss francs to 0.8580, and also fell to 0. 9858 Canadian dollars from 0.9901.
The U.S. dollar fell against major currencies in late New York trading on Wednesday as Federal Reserve's Beige Book helped lift investors' confidence on American economy.
The Beige Book indicated that there was no double-dip recession and that the economy continued to expand, although at a "modest pace.Air Jordan Shoes"
The dollar weakened as investors'confidence on the economy slightly recovered. The dollar index lost 0.7 percent to 75.42 on Wednesday.
The euro was under pressure over eurozone debt crisis,Stretch tricot knitted fabric but found some supports from Swiss central bank's decision on Tuesday to set a ceiling of the Swiss franc against the euro.
Germany's Federal Constitutional Court upheld the country's participation in last year's Greek bailout plan and the establishment of the European Financial Stability Facility. The news also supported the euro.
The Japanese yen rose against the dollar as the central bank of Japan decided to keep its interest rate unchanged at 0 to 0.1 percent.
Investors' focus began to shift to upcoming events on Thursday, including U.S.BlackBerry Wholesale president Barack Obama's job creation plan and European Central bank's decision on monetary policy.
In late Wednesday trading, the dollar bought 77.25 yen, comparing with 77.67 yen late Tuesday, and the euro rose to 1.4093 dollars from 1.3991.cheap adidas shoes
The British pound also rose to 1.5980 dollars from 1.5936. The dollar fell from 0.8615 Swiss francs to 0.8580, and also fell to 0. 9858 Canadian dollars from 0.9901.