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The euro fell against the dollar ...
Friday, 10 June 2011 10:09

euro v  dolar3Euro Falls, Getting Ready For Weekly Impairment Related to Increase Interest Rate Speculation Slowing

The euro fell against the dollar, heading for the first weekly decline in four weeks, amid the falling prospects for the European Central Bank will accelerate the rate hike this year.

The euro fell against 10 of the 16 currencies of anxiety-related partner in the European government debt crisis resolution will be delayed after ECB President Jean-Claude Trichet refused any bailout direct participation of both Greek. New Zealand dollar 0.6 percent from record highs after data showed China's imports rose in May. Yen rises speculation Japanese exporters took advantage of yesterday's biggest decline this month to buy the currency.

"I saw a greater opportunity for the euro to go down," said Yuji Kameoka, head of currency strategy in Tokyo at Daiwa Capital Markets Securities Co., a unit of Japan's second-largest brokerage. "People expect the ECB to hold after raising rates in July."

The euro has lost 1.1 percent this week and traded at $ 1.4469 at 7:16 am in London from $ 1.4510 in New York yesterday. The yen rose 0.3 percent today to 80.11 per dollar after slumping 0.6 percent yesterday. New Zealand dollar was little changed at 82.44 U.S. cents, after yesterday reached a record 83.02 cents.

Trichet will speak in Frankfurt today after the central bank yesterday left for next year's inflation forecast unchanged at 1.7 percent while he hinted the bank intention to raise benchmark interest rates in July.