Seemed to euro on the defensive on Friday after Hun Jean Claude Trichet, president of the European Central Bank recently raised forecasts on interest rates, which violates the assumptions of those who expect a newly tougher on inflation. And depends on whether the euro will continue to decline from its peak at the highest level in 12 weeks on the U.S. jobs data due out on Friday. The descent of the euro on the level of support between 1.3535 and 1.3570 dollars that threatens to further losses.
The euro was trading at 1.3625 dollars after falling 1.2 percent on Thursday, further away from its peak in 12 weeks, amounting to U.S. $ 1.3862 recorded on Wednesday.
Recovered and the dollar index, which measures its value against a basket of currencies heavily on Thursday, but was little changed on Friday at 77.74.
As there has been little change in the dollar against the yen 81.61 yen shone
Euro falls after ECB comments
Posted by ahmed essam on 12:50 PM

