The u.s. dollar to loosen his reinforcement on Friday (29/05) Asian session this morning, take a breath of the strong rally on this weekend that brought the u.s. currency to its highest level against the Yen since 2002 as well as growing eskpektasithat The Fed will raise interest rates this year.
Dolar_AS
In contrast, Japan's economic data released this morning showed that the core CPIindex experienced a slight increase, in contrast to the shopping community thatprecisely jeblok in April. A warning from Finance Minister of Japan, Taro Aso, on the night of Sunday helped the dollar to stay away from the high level of 124.46 yen on Thursday yesterday. USD/JPY position 123.80 early this morning, declining 0.1 percent.
The euro rose slightly against the u.s. dollar amid mixed signals about thesustainability of the debt crisis in Greece by the IMF, which time Greece to pay off his debts has been close, and it uses the Euro currency. The IMF gave warning that Greecehas the possibility to opt out from the Euro zone saw its efforts to resolve the debtseems still far from an agreement. This adds to concerns it will not meratanya the economic recovery in the Euro zone. EUR/USD traded at 1.0960 position, or by 0.1percent on the day and is stuck on top of a low level 1.0819 touched upon on the daylast Wednesday.
Predisksi Barclays On U.S. GDP
U.S. data released last night seemed to be not strong enough to support a rally in theGreenback. Preliminary figures for unemployment claims reaching 282,000 versusexpectations of 270,000 and higher than previous figures. U.S. pending home salesdata rose 3.4 percent, much higher than the estimated rise of 0.9 percent and the previous data.
"The Momentum of growth in the us will be the center of attention on this day, with the second release of first quarter GDP to be revised down AS more drastic," saidstrategist from Barclays who was quoted by Reuters. Economists at Barclays estimates the U.S. GDP will terkontraksi 1.1 percent compared with the preface reports showgrowth as much as 0.2 percent.
