Having risen to $ 1.39 following the G20 meeting this weekend, the euro dollar drops to 1.378, penalized by the statements of Berlin appear to rule out a rapid resolution of sovereign debt crisis.
However, ‘the Ministers of Economy of the G20 countries pledged Saturday in an official statement, to support and rebalance the global economy face the’ significant risk of deterioration ‘and said wait a robust response of Europeans to contain the crisis in the euro area ‘, summarized one analyst Aurel BGC.
The dollar also seems to enjoy his role as a safe haven, reading of indicators on the lackluster U.S. economy. Thus, the index ‘Empire State’, stood at -8.5 this month, against -8.8 in the previous month, while economists had forecast -4.
Compiled by the New York Fed, the index ‘Empire State’ shows a contraction in manufacturing activity in the New York area when he is in negative territory.
Moreover, industrial production in the U.S. grew by only 0.2% last month, as economists had expected. This increase comes after a stagnation in the previous month, while a 0.2% increase originally announced for August.
Compared to the Japanese currency, the euro declined to 106.3 yen and 77 yen the dollar ratings. On the old continent, the euro lost ground against the pound sterling, to 0.873 pound per euro, and slightly against the Swiss franc at 1.236 francs.
