Dollar Mixed Amid Easing Expectation, European Concerns -Shanghai Metals Market

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Dollar Mixed Amid Easing Expectation, European Concerns

Data Analysis 10:49:49AM Jun 14, 2012 Source:SMM

NEW YORK, June 13 (Xinhua) -- The U.S. dollar traded mixed against major currencies in late New York trading on Wednesday on lingering concerns about the European debt crisis and expectations of further easing policy by the Federal Reserve.

Investors are still focusing on the upcoming Greek election. It was reported that up to 800 million euros were withdrew from major Greek banks daily in preparation for the elections.

Meanwhile, the yields of Spanish and Italian bonds continued to climb as investors waited the details of the bailout plan for the Spanish banking sector.

However, the euro rebounded against the dollar on Wednesday as investors took profit from earlier short bet.

The Federal Reserve Bank of Chicago President Charles Evans said during an interview on Tuesday that the central bank would back moves to spur rapid job growth, boosting U.S. equities. His words raised investors' expectations of further easing monetary policies by the central bank and pressured the dollar on Wednesday.

The dollar index lost 0.392 to 82.057 Wednesday.

On economic front, the U.S. Labor Department reported that producer prices tumbled 1 percent in May as the energy prices fell the most since March 2009, while retail sales fell for a second month in May, slipping 0.2 percent, according to the Commerce Department.

In late Wednesday trading, the dollar bought 79.33 Japanese yen, compared with 79.49 from late Tuesday. The euro rose to 1.2589 dollars from 1.2498.

The British pound fell to 1.5532 dollars from 1.5570. The dollar fell from 0.9610 Swiss francs to 0.9540, but rose to 1.0282 Canadian dollars from 1.0270.
 

Key Words:  U.S. dollar  

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1# Silver ingots(99.99%)
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3509.0
0.0
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2# Silver ingots(99.95%)
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3494.0
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Dollar Mixed Amid Easing Expectation, European Concerns

Data Analysis 10:49:49AM Jun 14, 2012 Source:SMM

NEW YORK, June 13 (Xinhua) -- The U.S. dollar traded mixed against major currencies in late New York trading on Wednesday on lingering concerns about the European debt crisis and expectations of further easing policy by the Federal Reserve.

Investors are still focusing on the upcoming Greek election. It was reported that up to 800 million euros were withdrew from major Greek banks daily in preparation for the elections.

Meanwhile, the yields of Spanish and Italian bonds continued to climb as investors waited the details of the bailout plan for the Spanish banking sector.

However, the euro rebounded against the dollar on Wednesday as investors took profit from earlier short bet.

The Federal Reserve Bank of Chicago President Charles Evans said during an interview on Tuesday that the central bank would back moves to spur rapid job growth, boosting U.S. equities. His words raised investors' expectations of further easing monetary policies by the central bank and pressured the dollar on Wednesday.

The dollar index lost 0.392 to 82.057 Wednesday.

On economic front, the U.S. Labor Department reported that producer prices tumbled 1 percent in May as the energy prices fell the most since March 2009, while retail sales fell for a second month in May, slipping 0.2 percent, according to the Commerce Department.

In late Wednesday trading, the dollar bought 79.33 Japanese yen, compared with 79.49 from late Tuesday. The euro rose to 1.2589 dollars from 1.2498.

The British pound fell to 1.5532 dollars from 1.5570. The dollar fell from 0.9610 Swiss francs to 0.9540, but rose to 1.0282 Canadian dollars from 1.0270.
 

Key Words:  U.S. dollar