US Dollar Index hollow month 16 attack in Asia

The Index of the US Dollar slipped to a minimum of 16 months new trade Asian today that investor speculation that the U.S. Federal Reserve Bank may change its loose monetary policy currently develops more remote. The U.S. Dollar Index, which gauges the strength of the greenback against a weighted basket main currencies slipped in 74.676.DXY, a year to the loss of the date of 5%.

Yesterday the Federal Reserve Beige Book essentially confirmed to the Fed on inflation as a temporary, with little or no probability that there was in preparation.

The Euro currency, however, approach highs against the Dollar, as investors believe that the ECB will continue to tighten monetary policy following the increase in the rate of interest recently implemented. As reported at 2: 58 pm (JST) in Tokyo, the Euro has gained 0.5% to trade at $1.4508, close to the ridge of 15 months of $1.4521.

The Dollar also fell lower against the Japanese Yen, negotiation at one point to 83.20 yen trading EBS platform, and well off the coast of the month 85.55 6½ peak Yen hit last week. Strategist FX in London, noted that the US Dollar has no new factors on which rise, since it seems clear that the Federal Reserve will change its position current anytime soon, given the persistent high unemployment.

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