The dollar continues to rise for the fifth consecutive day notes rise against the euro after Federal Reserve Chairman to Minneapolis, Kocherlakota said that the rise in interest rates this year will ensure inflation. The US currency fell for the first time in three days against the yen after economists’ expectations for better data on unemployment benefits did not materialize. The dollar retreated today of JPY 0.1% to 119.56 yen per dollar. “The increase in interest rates in 2015 will lead to a slower recovery of inflation,” said Kocherlakota statement today.
The euro registered its biggest drop against the yen this week of June, since after Mario Draghi announced that the incentives probably soon will become a reality, by buying government bonds. The euro fell against the dollar by 0.1% to $ 1.1808 per euro. Against the Japanese currency, the euro made a slight change to 141.15 yen per euro, as this week, it retreated by 2.4%
Australian dollar retreated in Asian session against the US after the weak data on retail sales, which do not meet expectations for 0.2%, noting level 0.1% and the index of AIGv field of construction, whichever scored 44.4 points compared to 45.4 points for the previous period. Aussie trading at $ 0.8135, as this is the second consecutive day of decline.