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Currency trading involves risk of loss.
Leverage magnifies both gains and losses.
The US dollar has fallen down against Euro and other currencies last Friday; this was after the Federal Reserve left the interest rates unchanged. The 13 nation Euro increases to $1.353 from $1.3432.
While the pound of Britain continuously trading above the $2 mark, increasing $2.0077 from $2.0018, while the US dollar drops to 123.14 yen from123.18. In the second quarter dollar weakens at the closing, traders had already secured their positions for the holiday week of US.
Positive economic news in Washington had failed to boost the US dollar after following the decision of Fed to keep the interest rates unchanged at 5.25%. The central bank of US said they are positive in the growth of economy, but their main concern will be on inflation failing to moderate.
A high interest rate is a weapon against inflation, this can strengthen a currency. The Commerce department of US reports last Friday in the 2nd month consumers spending was up to 0.5%. The revenue, fueling future disbursement returned last May, increasing to 0.4%. This improved from 0.2% fall as report in April.
05:44
Posted on Jul-01-2007
