6, New York Dollar Rose Against Major Currencies.
Investors' sovereignty over Europe
debt
Worries about the crisis and the impact of the Swiss central bank setting the euro on the minimum exchange rate of the Swiss franc, the 6 US dollar rose to the main currencies in New York.
The European stock market suffered a heavy setback on the 6 day as investors worried about the European debt crisis. This concern also spread to the foreign exchange market. The euro pressure fell, and fell to less than 1.40 against the US dollar, the lowest in nearly 2 months.
The SNB announced on the 6 day that it would intervene in the foreign exchange market, setting the minimum exchange rate target of euro to Swiss Franc to 1 euros to 1.20 Swiss franc, and said it would buy foreign currencies unlimited to maintain the minimum exchange rate level.
Affected by this, investors sold the Swiss Franc in large numbers, the US dollar, the euro and the pound against the Swiss franc.
Rise
The range is over 8%.
In addition, 6, the United States released the service industry data positive also support the US dollar.
According to the data released by the US Supply Management Association, the US service index rose to 53.3 in August from 52.7 in July, indicating a slow recovery in the US service sector.
Driven by these factors, the US dollar is stronger on the 6 day.
Rise
The US dollar index rose more than 1% to 75.99 in the evening trading session.
Nevertheless, because of the expected impact of the new round of loose monetary policy, some analysts believe that the strength of the US dollar is difficult to continue.
By the end of that day, the market in New York was 1 dollars, which was 1.3991 dollars lower than the previous trading day, and the exchange rate of 1 pounds was 1.5936 US dollars, which was lower than the 1.6209 US dollars of the previous trading day. The 1 US dollar changed to 77.67 yen, which was higher than the 76.72 yen of the previous trading day; the 1 dollar was exchanged for 0.8615 Swiss francs, which was higher than the previous Swiss yen of the previous trading day; and the US dollar was converted to the Canadian dollar, which was higher than that of the previous trading day of the Canadian dollar.
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