American Dollar Rate

The American dollar keeps on gathering pace amid weak statistics from the Eurozone and political uncertainty in some European countries. Yesterday euro weakened versus the US dollar to the level of 1.3121 having fallen from the mark of 1.3184 dollars versus euro at the previous session closing. The dollar-yen pair dropped to 81.14 against the greenback from 81.52 yens the day before.

The dollar index reflecting the US dollar rate versus the 6 currencies basket advanced by 0.54% - to the mark of 79.58 points. The trade participants are concerned over the remaining instability in the Eurozone economy.

On Monday the investors fears increased after a report publication, according to which the aggregative business activity index in the production and services sector within 17 euro area countries fell in April to the lowest level for 5 months which is equal to 47.4 points from 49.1 points in March.

The actual reading did not come in line with economic outlooks which had predicted an uptrend to 49.3. Aside from that, the American currency rate contributes to political instability in some European countries.

Thus, the Dutch Prime Minister Mark Rutte submitted resignation after unsuccessful negotiations with the opposition relatively the budget for 2013. The investors attention is attracted by presidential elections in France.

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