The dollar turned lower on Tuesday, giving back gains from the previous session after government figures showed U.S. wholesale prices rose in September more than forecast.
The buck then accelerated to the downside on a Guardian report saying that France and Germany have reached agreement to boost the eurozone’s rescue fund to 2 trillion euros.
The deal between the two European powers comes after Moody’s said it was putting France’s AAA rating on review due the costs of bailing out its profligate neighbors.
The inflation figures raise hopes that the U.S. economy is picking up in the third quarter following a dismal performance earlier in the year.
With energy prices on the rise again, the U.S. producer price index jumped by 0.8 percent in September, according to figures released Tuesday by the Labor Department, with the index showing a notable increase after holding level in August and rising by just 0.2 percent in July.
The dollar fell sharply to $1.38 versus the euro, down a penny from its early highs near $1.3650.
The buck also tumbled versus other riskier counterparts, slipping to $1.5735 from $1.5625 versus the sterling.
Rising crude oil prices drove the dollar down to C$1.0140 versus its Canadian counterpart.
In other economic news, China’s gross domestic product expanded at the slowest pace in nearly two years in the third quarter, adding to evidence the economy is heading towards a soft landing as government efforts to cool inflation slowly takes effect.
Confidence among German investors dropped to its weakest level in nearly three years in October as subdued domestic economic activity triggered concerns that the debt crisis is seeping into Eurozone’s largest economy.
Hello! Would you mind if I share your blog with my twitter group?
There’s a lot of people that I think would really
appreciate your content. Please let me know. Thank you
The speed and manner in which they respond is a friendly sign on the competence and professionalism of the
broker in concern.
Estee Lauder’s does contain liquor, so if your skin is not insensitive or
particularly dried you might want to test another method, but
we-didn’t experience any stinging or – watering; merely clean, clear
skin.
Hey I am so glad I found your web site, I really found you by
mistake, while I was browsing on Bing for something else, Nonetheless I am here now and would just like to say
thanks a lot for a fantastic post and a all round enjoyable blog (I also
love the theme/design), I don’t have time to look over
it all at the moment but I have bookmarked it and also added in your RSS feeds,
so when I have time I will be back to read a lot more, Please do keep up the great b.
When trading binary alternatives, there is a risk
involved and bad evaluations that stem from angry traders are not of
any usage to anybody.
Using a forex trading education that is wonderful, you will
attain them faster regardless of your supreme targets.
The Price Of Professionalism In Wedding Photography
Many traders in spot forex trading do not pay agent fees to deal and utilize their consideration to perform immediately with the industry.
Nice weblog here! Also your website loads up
fast! What host are you using? Can I am getting
your associate hyperlink to your host? I want my website loaded up as fast as yours lol
Do people listen to regarding HSV ERASER method at any time?
I realize nearly all of a person don’t realize anything concerning this precious system.
Very well, I will let you know every thing with this method.
HSV Eraser is usually a software which helps every single genital herpes
virus virus affected person for you to remedy genital herpes virus
virus contamination permanently. This system is completely according to normal
herpes simplex virus remedy consequently you’ll find absolutely no odds of receiving the negative effects.
The program has recently cure a large number of herpes affected person for great until
finally 2015. I’ve got witnessed several individual declaring they’ve already been recently healed from herpes virus contamination by
following the footsteps given in the HSV ERASER.
Today HSV ERASER is going to expose the subsequent higher level of herpes virus treatment 2016 method.
This system suggest the most effective pure potent things
that helps you to eliminate the herpes simplex virus
and while doing so aids you to increase the immunity process
so your patient can fight far better from herpes
an infection.