Today’s U.S. dollar rose to its highest levels since last February as investors on the U.S. dollar as financial instruments and the low-yielding low-risk, which investors turn to in times of lack of confidence in financial markets after the chaos published by the sovereign debt crisis in Greece and the possibility of falling into bankruptcy. And the U.S. dollar rose today ahead of U.S. economic data.
On the other hand euro fell against the U.S. dollar after the government approved the Greek draft budget for 2012, which studied the Council of Ministers yesterday evening, which will reduce the budget deficit in 2011 to 8.5% of GDP compared to 10.5% in 2010, this figure is below the target select a basis in the law that passed in the end of June for the coming years, which amounted to 7.4% of GDP, then came the falling euro ahead of a meeting of European leaders today to strengthen the monthly means of Save the region, and the risks of bankruptcy of Greece.
Sterling fell against the U.S. dollar for the second day in a row prior to the announcement of a data sector of British Industry last month, which is expected to show contraction rate worse than the previous reading, and this negative impact of the plans austerity strict endorsed by the British government during the past months, crippled the performance of all economic sectors in the country. And the pair now on the levels of 1.5527 and scored the highest at 1.5583 and a low of 1.5489 compared to 1.5547 at the opening price.