Dollar fell versus majors on U.S. data forecasts


(MENAFN– ecpulse)

American dollar fell against most of major currencies before the Federal Reserve Bank meeting and ahead of the U.S. data forecast for the nation’s consumer confidence which may fall to its five-month low.

American dollar fell versus the euro today, where the EUR/USD pair traded near 1.37872 to record low of 1.37687 and high of 1.37931, while the pair started today’s session at 1.37871.

At the same time, Japanese yen inclined versus American dollar as a safe-haven currency amid the recent hesitated dollar and positive economic data in Japan, where Japanese jobless rate meet estimates in September.

USD/JPY pair fell to low of 97.453 after hitting its highest at 97.646, where the pair started today’s session at 97.620.

Japanese yen also rose versus the euro today for the second straight day, where the EUR/JPY pair fell to low of 134.278 from high of 134.636, as the pair started at 134.606.


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