Forex | Forex | USD back in ranges (30/06/2009 23:09:00)

USD back in ranges

FXstreet.com (Buenos Aires) - Greenback enter the Asian session back inside past days range against major rivals, after falling to 1.4153 against Euro, and to 1.6744, fresh year low against Gbp early Tuesday; worst than expected consumer confidence in the U.S. has triggered a mayor risk aversion rally, that send European currencies back to the downside. Euro remains close to the 1.4000 zone, that should hold the downside in the next hours, while Gbp attempts to regain the 1.6500, correcting past session falls. Also Japanese yen lost ground against greenback after recovering the 96.00 level during the American session. Now consolidating in a tight range, Japanese Yen is holding for the Tankan Manufacturing Index at 23:50 GMT, expected better than previous month, still far below the 0.00 level which marks growth.

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