Greenback advances before U.S. housing market data and Fed's minutes

Source: Bloomberg
The greenback rose against most of its major counterparts before data that might indicate U.S. housing market is improving, easing concerns the Fed will launch a third round of QE. Demand was also supported before the release of the Fed's minutes of its latest meeting.The U.S. Dollar traded at $1.2467 per Euro after declining to $1.2488 yesterday. The Dollar was little changed at 79.27 Yen.
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Wed, 22 Aug 2012 06:59:16 GMT

Euro strengthens

The Euro strengthened to a 6-week high versus the U.S. dollar and Japanese Yen before European policy makers meet this week and amid speculation the region's debt crisis is being contained. The shared currency rose for a second consecutive day against the greenback after Germany said concessions for Greek government were possible and as Spanish bond yields decreased at the

Wed, 22 Aug 2012 13:17:09 GMT

Indian CPI continue to decelerate

Consumer price index in India rose at the slowest pace in four months in July, said the Central Statistical Office on Tuesday.  Nation's CPI increased by 9.86 per cent from a previous year, after jumping 9.93% in June.  In the meanwhile, the Indian Central bank left the benchmark interest rate unchanged in the previous month in order to prevent inflation risks.

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