The dollar declined today on the Forex market as the growth that it has experienced during the last week required some correction. EUR/USD currency pair went up from 1.5404 to 1.5517 today. The fundamental background was mixed today in the United States.
NY Empire State manufacturing survey showed a decrease in the index — it went down from -3.2 in May to -8.7 in June, still indicating a pre-recession condition in the manufacturing sector of the U.S. economy.
Net foreign purchases of the U.S. long-term securities grew significantly in April — they were at $115.1 billion, up from $79.6 billion in March (revised down from $80.4 billion) and above the median forecast of $63.2 billion.
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