Greenback under pressure.
Asian and European trading sessions:Swiss Frank: According to the released information, the Swiss National bank left the principal rate unchanged at the previous level of 0.25%. As a result, the Swiss frank strengthened.
Euro: The euro continued t drop during the morning trading today and reached its three-week lows of 1.4090 as markets continued to be concerned over the debt issues in Greece. But the statement of the ECB representative, Mr. Reine, supported the euro. He mentioned, that once Greece would reduce its budget expenses, the IMF and EC would allocate financial support to Greece.
British Pound: The pound dropped during the morning trading to the $1.6140 range. The publication of the UK statistics today reinforced the pressure on the sterling.
Retail sales dropped for 1.6% against the expected 0.6%.
Japanese Yen: The USD/JPY traded in the range of Y80.80-Y81.00.
Oil: Oil traded around the $94.95 mark per barrel.
Gold: Gold continued to trade in the previous range with maximum of $1529.00 per ounce.
American trading session:
US Dollar: The release of the negative US fundamentals pressured the greenback on Thursday. In particular, the Philadelphia Federal index dropped to the -7.7 level, while the forecasted level was at the 7.0 mark.
The EUR/USD closed the trading day at the $1,4200 level.