BUSINESS INFORMATION - U.S. dollar weakened against the euro on Friday local time

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BUSINESS INFORMATION - U.S. dollar weakened against the euro on Friday local time, the latest economic data after the euro zone and positive global economic prospects fine from Federal Reserve Chairman Ben Bernanke.



AFP reported, the 2100 GMT, euro increase to 1.4328 dollars from 1.4251 dollars in New York late Thursday, after reaching the highest position of 1.4376.

Euro also rose against the moving Japanese currency, to be 135.21 yen from 134.23 yen the previous day.

Dollar slightly increased to 94.35 yen from 94.17 yen on Thursday.

Euro "continue to step increase (to the dollar) in the middle of the improved economic data, the highest daily reach in the middle that more U.S. data that is translated into dollar strength," said Kathy Lien, director of currency research at Global Forex Trading.

He said that data show the index main shopping manager euro zone rose to break-even point (break-even point) in August after the long contraction "hampi become the most powerful argument that the region has escaped the clutches of recession.


A surprising increase in existing-home sales (homes that have been previously owned home or who have previously built for a month or known also with the Home Resales - former home) in July to the highest position of two years has been the equity market.

This is a sign that the continued recession in the world's largest economy is being reduced, the National Association of Realtors reported existing-home sales jumped 7.2 percent in July to be 5.24 million units.

Traders are also responding positively on comments from Bernanke that the prospects for global economic recovery "appear good," encourage the taste of more currency risk, such as euro, the currency rather than safe-haven (safe haven) dollars.

Various indicators of growth in the United States and elsewhere will be released last year "may be the sound that defines how the next movement of dollars and yen," he said.

In New York trading last, a dollar 1.0575 down from 1.0627 Swiss Franc Franc previous day. Pound slipped into 1.6501 dollars from 1.6506 dollars.

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