The US dollar fell today against the euro and the Japanese yen as the Chicago Business Barometer fell more than estimated and on the signs that the Federal Reserve won’t raise the interest rates. The Fed also failed to provide the clear plan to add more stimulus to support the US economy.
The Purchasing Managers’ Index posted the figure of 56.7, down from 62.3 in the previous month and less than expected. The minutes of the Fed policy makers’ meeting suggested that the rates would remain at the present record low levels. The minutes didn’t show any cohesive plan to implement the quantitative easing. In general, the minutes were very dovish.
EUR/USD climbed today from 1.2678 to 1.2792 as of 12:21 GMT. USD/JPY currency pair opened at 84.18, rose to 84.57, but later slid to 83.81.
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