Forex Dollar Rises

Today the dollar rallied hitting a new 11 week high versus the Euro after much worry regarding euro zone banks, the dollar also passed much expectation against the Yen as news came to hand that the Federal Reserve will most likely shut down emergency economic support programs much quicker than previously expected.

Recent Data provided the anticipated news the US producer prices grew a whopping 1.8 percent in the last month, much more than what was earlier predicted my many financial advisories, as a result of this growth US bond yields were also pushed up higher than expected, the unemployment figures had also contributed to this.

According to Reuters data the euro fell to $1.4524 EUR= which was the lowest since October 2009.