U.S. dollar got a break against the euro, and the details are disappointing PMI issued yesterday, showed that commercial activities in the euro area remained weak despite efforts by the central bank.
As reported from Tokyo at 13:45 (Japan time), the euro traded at $ 1.2972 against the U.S. dollar, after falling more than 0.6% on Thursday, and had reached the EUR / U.S. dollar on Monday to the highest level a 4-month low of 1.3173, but lost about 2% of that value since then. Continue fears the euro zone debt formation of a burden on the economy, and there is now renewed expectations that Greece will be forced once again to restructure existing debt, and all of this is likely to put pressure on the euro in the short term.
Helped the euro was down to push the U.S. Dollar Index, which contains among its components on the euro and other major currencies as trading the index at its highest level in a week when 79.660 DXY, away from the lowest level in 6 months and who had arrived to him on Friday at 78.601 DXY.
The beginning of the Chinese PMI data yesterday, the turmoil global PMI data from the euro zone and the United States of America, added pessimistic tendencies and highlighted the difficulties faced by decision-makers, even with having quickly to print currency.