Forex Trading : Euro down on Tuesday to $ 1.08 for the first time in nearly 12 years as a wave of recent gains brought the US currency light on the direction towards the two currencies equivalent to the value of which most of the major banks was not expected to happen until next year.
The yen fell from his efforts to revive inflation in Japan and the gloomy outlook for most non-US and global economies.
The decline in producer prices in China about five percent to the lower Australian dollar to its lowest level in nearly six years, which gave a further boost the US dollar against a basket of major currencies.
Several major banks and is expected to be equally value of the dollar with the euro in the next year or in 2017. But even with allowing the launch of quantitative easing in the euro zone Reuters polls show that the majority did not anticipate the descent of the euro to $ 1.08 six months ago.
The euro stood at US $ 1.07345 price on Tuesday.
The dollar rose to 122.04 yen, its highest level since July 2007, after recovering from a low level of 120.615 yen reached in last night.
The dollar index reached a new level is the highest in 11 years and a half, recording 98.196 for more than about three percent since the beginning of the month.