Turning the U.S. dollar to trend downward in front of many of the major currencies yesterday, where the hopes of the possibility of reaching an agreement to avoid a "financial abyss" coming in the United States of America to the high rates of risk appetite in the market. In addition, there have been indications that Greece is close to receiving a new batch of bailout funds, which helped to promote higher-yielding assets. Against the Canadian dollar, the U.S. dollar fell more than 40 points during the European trading session, reaching the ultimate level of 0.9960. The Australian dollar rose / U.S. dollar nearly 50 points to reach the level of 1.0410.
Today, traders will want to focus on dollar many events and news from the United States. At 13:30 GMT, is expected to register a report of building permits reading 0.85 million, slightly less than last month's reading at 0.87 million. If this indicator came worse than expected, the U.S. dollar may be able to extend its bearish trend yesterday. At 17:15, is scheduled to deliver Bernanke Federal Reserve Chairman speech on the pace of the U.S. economic recovery. Any indication that the U.S. economy is slowing down may lead to a dollar to more losses.
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