Tuesday 19 April 2016

The US dollar fell for a second consecutive day

The dollar started the week slightly, recording a fall against most major currencies after on the meeting in Qatar's capital Doha the main oil producers failed to agree to freeze yields.
Commodity currencies such as the Australian, New Zealand and Canadian dollar, and also the ruble, managed to raise, supported by the rise in oil prices. Black gold managed to erase most of its losses after oil meeting, managing to return over 39 dollars per barrel.
The yen retreated against the dollar. The Japanese currency fell with 0.8 percent to 109.10.
The Australian dollar continued its strong performance, reaching a 10-month high against the US dollar at around 0.7794.
William Dudley, president of the New York Fed, said earlier that US economic conditions are "for the most part positive." However, the Fed still wary of rising interest rates.
On the other hand, according to some economists, the European Central Bank may have run out of ammo. According to them, the institution will have problems in the future weakening of the euro. The single currency rose by 0.27 percent to 1.1312.
The dollar index, which measures the performance of the dollar against a basket of major currencies, fell with 0.26 percent to 94.50.


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