31st January 2012
The US dollar has seen a downturn in forex trading this morning (January 31st) on the back of positive announcements in a number of countries.
Against the British pound, the greenback has lost 0.29 per cent to stand at 1.5755 after official data showed lending to individuals across the UK rose by £400 million in December, Forex Pros reports.
Elsewhere, the dollar also fared badly against the Japanese yen, dipping to a three-month low of 76.27 after losing 0.09 per cent.
Furthermore, renewed hope of a Greek bailout deal led to the dollar falling against the euro.
Earlier this month, an announcement by the US Federal Reserve that it plans to hold its interest rates at near-zero levels for at least the next two years served to force down the currency against the euro to a five-week low.
"[The statement] suggested [the Fed] do not need data to deteriorate to justify easing monetary policy further," Michael Sneyd, FX strategist at BNP Paribas, told Reuters.
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