Forex Trading : The euro rebounded from its lowest level in 12 years against the dollar on Thursday after a week of sharp decline, while Tzaralbaanat an unexpected drop in the United States and the single currency gave retail sales an additional boost.
EUR / USD has increased by 0.92% to hit 1.0644, up from the lowest level overnight of 1.0495, its lowest level since March / March 2003.
The euro rebounded against the dollar earlier Thursday as the dollar fell because of the stance of monetary policy divergence between the Fed and central banks in Europe and Japan.
The single currency has already weakened widely this year after the European Central Bank revealed quantitative easing program trillion euros in January.
Single currency came under selling pressure and on a large scale this year, after the European Central Bank revealed quantitative easing program in January / January
The euro resumed its sharp decline downward, after the bank began buying assets on Monday, pushing bond yields in the euro zone fell to new lows.
The decline in revenues brackets makes the single currency less attractive to investors at a time when growing expectations that the Fed may begin to raise interest rates later this year.
The single currency received an additional boost after data showed an unexpected drop in US retail sales in February, which reduced expectations for a rate hike in early.
The US Commerce Department said that retail sales fell 0.6 percent last month, disappointing expectations that were looking forward to an increase of 0.3%, following a decline of 0.8% in January / January
And the associated rise in retail sales with the passage of time with strong economic growth, while sales weakness refers to the deterioration of the economy.
Fell core retail sales, which exclude automobile sales, rose 0.1% in February, compared with expectations for a 0.5% increase .oankhvdt basic sales in January increased by 1.1%.
Basic sales and agree closely with the consumer spending component of the GDP to the government report. Recorded consumer spending accounts 70% of the growth of the US economy.
At the same time, the Labor Department reported that the number of people filing new claims for unemployment benefits fell by 36, to 289 thousand people, a thousand people in the past week, indicating that the recovery in the labor market continuously strengthening.
The dollar index, which measures the strength of the dollar against a basket of six currencies, at 99.16, down 0.49% for the day. Earlier in the day the index rose to 100.05, a level last reached in April 2003.
Elsewhere, the euro also rose against the yen and the pound, with EUR / JPY rising 0.59% to hit 128.82 and EUR / GBP shedding 0.75% to hit 0.7118, recovering from its lowest price in seven years at 0.7013.