The decline of the euro against the dollar accelerated after a poor indicator US

Forex News

The accelerated decline of the euro against the dollar Thursday after a poor indicator of activity in the United States, while l. ..

The accelerated decline of the euro against the dollar Thursday after a poor indicator of activity in the U.S., as investors fleeing riskier assets deemed to find refuge with values ​​that are reassuring gold the yen and Swiss franc.

Around 1440 GMT (4:40 p.m. in Paris), the euro fell sharply to 1.4281 dollars against 1.4428 dollars at 2100 GMT Wednesday.

The decline of the single currency also accelerated against the yen and Swiss franc.

For its part, the dollar off again sharply lower against the yen and Swiss franc.

The yen against the dollar even closer to its highest level since World War II, recorded March 17 at 76.25 yen to the dollar, and he came close last Thursday (76.31 yen).

The ounce of gold, a safe haven par excellence, has risen to 1826.10 dollars to 2:05 p.m. GMT, a new record.

Manufacturing activity in the Philadelphia area (Northeast U.S.) collapsed in August, according to the index of the local branch of the U.S. central bank (Fed) released Thursday.

The index has fallen by nearly 34 percentage points from July, reaching -30.7, its lowest level since March 2009 when the United States were still in recession.

"Obviously, the markets are living in fear, and figures like that give them reason to panic," commented analyst at ING.

These figures fueling concerns over the resumption of the world's largest economy, experiencing a sharp slowdown in recent months, and revive fears of a return to recession in the U.S. economy, noted analysts.