The US dollar continues to decline against world currencies
On Wednesday, the dollar falls against the currency basket as investors take profits after the recent jump in the US currency, especially against the yen after Japan announced its readiness to interventions.
USD / JPY pair dropped 0.46% to 108.78 from 109.36 high on Tuesday.
The dollar strengthened its positions against the yen during the previous two sessions after Monday, Japanese Finance Minister Taro Aso said Tokyo is ready to intervene in the currency market if excessive dynamics of the yen will affect the trade statistics and economic indicators in Japan.
However, many investors expect that Japan will refrain from any action to weaken the yen before the G7 meeting, which she holds at the end of this month, in the absence of support for these measures.
Late last month, the US Treasury has added Japan to the list of countries on which is mounted monitor Exchange Rate Policy.
Aso said on Monday that the Treasury’s decision to follow the Japanese “will not hold back” the monetary policy of Tokyo.
The EUR / USD rose 0.18% to 1.1393 after reaching Tuesday’s one-week low 1.1359.
Earlier Wednesday Office for National Statistics reported that the volume of production in manufacturing Britain increased by 0.1%, worse than the expected growth of 0.3%, after the collapse of 0.9% a month earlier.
Furthermore, a report has shown that the industrial production of Great Britain increased by 0.3% as confounding expected growth by 0.5% after a 0.2% decrease in the previous month.
Australian and New Zealand dollars grow, AUD / USD pair up 0.19% to 0.7376, while NZD / USD pair rose by 0.65% to 0.6807.
Pair USD / CAD fell 0.24% to 1.2880.
Commodity currencies have recovered since Wednesday, oil prices rebounded in anticipation of the publication of weekly reports on stocks of raw materials in the United States.
USD index, which tracks the greenback against a trade-weighted basket of six major currencies, was down 0.32% to 93.92.
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