Dollar cheaper against the euro and the yen on signs of economic recovery

dollar exchange rate against the euro and the yen fell on Thursday on signs of recovery in the global economy, reports Bloomberg.

On Wednesday the dollar against the euro fluctuated from a minimum of two weeks.

amid signs of the end of the recession, investors are focusing more on higher-return assets.

Australian dollar rose to a maximum of 14 months values. The Australian National currency has strengthened by 1,2% - to $ 0,902, after reports that employment in Australia unexpectedly increased.

On Thursday, as expected, the Ministry of Economics and Technology publishes data on industrial production in August. Analysts predict that it increased by 1,8%, after falling 0.9% a month earlier.

In addition, Friday will order data on Industry equipment in Japan. As experts believe, in August hadrisen by 2,1% against a decrease of 9,3% in July.

fall of the dollar also contributed to the rally in Asian markets, investors prefer to invest in riskier assets.

value of the euro rose to 9:12 on Thursday to $ 1.4758 from $ 1.4691 at the end of the previous session in New York. In the course of trading the U.S. currency dropped to a mark of $ 1.4774 - a minimum of 24 September.

Euro was worth 130.2 yen against 130.18 yen on Wednesday.

the dollar against the Japanese currency at 9:19 IST on Thursday was 88.225 yen against 88.61 the previous day.

People believe that the worst is behind us, in principle, not unreasonable - the expert believes JPMorgan Securities in Sydney, Phil Burke. In general, in the medium term the dollar is waiting for further decline, - the analyst believes.


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