dollar exchange rate to euro falls on Wednesday morning in anticipation of positive statistic data from the euro zone and confirm the continued weakness of the U.S. economy.
Yen rises in price against the euro and the dollar lower against the Japanese stock market and fears of deepening deflation in Japan, reports Bloomberg.
euro was worth $ 1.4879 at 9:32 on Wednesday to $ 1.4854 at the end of the previous session.
Rate
single European currency fell against the yen this time to 132.53 yen against 133.26 on the end of the session on Tuesday.
The dollar has fallen in price to the Japanese domestic currency to 89.07 yen at 9:32 on Wednesday against 89.71 the previous day.
Industrial production in the euro area rose in August to 1.2% after declining by 0.3% in July, forecast analysts surveyed by Bloomberg. EU Statistics Department publishes the data at 13:00 on Wednesday.
As expected, retail sales in the U.S. in September fell by 2.1% - the fastest pace this year - after rising 2.7% in August. U.S. Department of Commerce will publish data on the volume of retail sales on Wednesday at 16:30.
Recovery of the Japanese economy is likely to lag behind other countries - believes currency dealer Okasan Securities Tsutomu Soma. - This may appeal the rejection risk and buying yen.
Bank of Japan on the basis of a two-day meeting on Wednesday kept the base interest rate near zero mark - a rate of 0,1% per annum and has refrained from any comments regarding the timing of the termination of purchases of corporate bonds.
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The stock market waited for the correction
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