Today The Dollar Is Estimated To Suffer

The Dollar fell against Euro yesterday and the dollar saw mixed results. However, the remarkable thing was the fall against the euro. Several important factors influenced the American currency. On Thursday, various events were not published, however, ended Unemployment Claims beating expectations and that is why the dollar suffered some downward pressure. This phenomenon was that the dollar ceded ground to the euro during most of the day. Furthermore, the ECB reduced the benchmark interest rates by 25 basis points taking them to 1%, which could increase confidence in the European region.

But it is remarkable that so strongly affect the dollar trade was the result of the Stress Test, in simpler words, the Obama administration audit conducted for the U.S. financial sector. It was reported that a total of 10 of the 19 audited banks should increase their capital by $ 75 billion dollars. The announcement made with the intent to appease the water and the nervousness of some investors, caused a stir. However, several analysts estimated recapitalization figures much higher, and that is why the dollar late advance.

Yesterday, the dollar lost 75 pips against the euro, closing at 1.3362. However, the U.S. dollar against the yen recorded significant gains, advancing about 80 pips and reaching 99.20. Against the pound, the dollar gained 120 pips to close at 1.4996, while the stock market advanced English. This was because England kept rates unchanged at 0.5% interest. The question that remains is whether the U.S. currency will continue to advance against the pound during the day.