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Dollar captures its breath after the rise of the forces

Written By easy on Saturday, May 25, 2013 | 1:24 PM


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Dollar retreated from its highest level in two weeks against a basket of major currencies on Friday, but he is about to record its biggest weekly gain in a year, on expectations quit the U.S. monetary stimulus program.

After a significant rise over two days, some speculators reap profits from the dollar, the euro has helped to recover from its lowest level in two weeks, which struck on Thursday.
But it is not expected to continue rising euro interest rates because the factors are in favor of the dollar, as well as the high yields of southern European countries in light of the wave of selling in global bond markets hold the euro zone problems.

The dollar was steady against a basket of currencies at 81.917 away from its highest level in two weeks of 82.145 hit on Thursday, but a high of 1.6% over the week.

The euro was steady at $ 1.3215, but stayed away too much about the highest level in four months of $ 1.3414 hit on Wednesday.
The dollar rose 0.6% against the Japanese currency to 97.85 yen, just shy of 98.29 yen, the highest level recorded on Thursday.