The�US dollar performance was abysmal this week as�concern about the�slowdown of�the�US economic growth persists and�even the�good news weren�t able to�weaken the�fears. The�dollar fell versus all other major currencies this month.
The�manufacturing sector showed the�signs of�the�weakness and�the�GDP slumped in�the�second quarter of�2010. It�s not surprising that the�reports show that the�consumer sentiment steadily declines. The�Americans are also worried about their employment, despite the�number of�the�jobless claims is decreasing.
In�the�environment of�the�uncertainty the�Japanese yen thrives, rising against the�dollar for�the�most part of�the�week. The�Great Britain were rising for�seven days, even on�Wednesday, when it could go below opening level, but closed slightly above it. The�euro fell on�Friday, but overall the�week was bullish for�the�16-nation European currency.
EUR/USD rose to�1.3031 from 1.2893 this weak after reaching as�high as�1.3106. GBP/USD went up form 1.5412 to�1.5689, while USD/JPY currency pair closed at�86.39 after opening at�87.54.
If you want to�comment on�the�US dollar�s recent action or�have any questions regarding this currency, please, feel free to�reply below.
Earlier News About the US Dollar:
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