Forex : Euro plunges after disappointing U.S. indicators, fears about the recovery The euro widened its losses against the dollar Tuesday, penalized b

Forex : Euro plunges after disappointing U.S

Forex : Euro plunges after disappointing U.S. indicators, fears about the recovery The euro widened its losses against the dollar Tuesday, penalized b

The euro widened its losses against the dollar Tuesday, penalized by renewed concerns about the strength and sustainability of global economic recovery, American indicators disappointing addition to concerns about the pace of growth in China.

Around 1600 GMT (1800 Paris), the euro stood at 1.2185 dollars against 1.2276 dollars around 2100 GMT, after falling to 1.2152 dollars around 1420 GMT, its lowest level since June 14

Facing the yen, the euro dropped to 107.75 yen also cons 109.68 yen on Monday, falling 107.32 yen even to 2:25 p.m. GMT, its lowest level since November 15, 2001.

The dollar also fell against the yen at 88.42 yen 89.35 yen against Monday after falling to 88.29 yen to 2:25 p.m. GMT, its lowest level in nearly two months.

The U.S. consumer confidence deteriorated sharply in June after three months of increases, falling to 52.9 points, its lowest level since March, according to the Conference Board index on Tuesday.

"The rising uncertainty and apprehension about the future state of economy and labor market - the result no doubt the recent slowdown in employment growth - are the main reasons for this sudden turnaround," says the Conference Board.

Figures of particular concern to investors who are anxiously awaiting the release Friday of the monthly report on employment and unemployment in the United States.

In addition, housing prices in the United States were resumed in April after declining in March but "does not yet show signs of sustained recovery," according to the monthly Standard and Poor's / Case-Shiller index released Tuesday .

Prior to these figures, the market was already "shaken by renewed concern over China's growth, which could be slower than expected," commented Jane Foley, analyst at Forex.com, after the downward revision of composite index of the Conference Board's China.

"China is the main engine of global recovery and loss of trust concerned," noted Derek Halpenny, analyst at Bank of Tokyo-Mitsubishi, especially that "fears about Chinese growth coming week when the European Central Bank (ECB ) sees its refinancing operation one year to expire Thursday. "

More than a thousand banks in the euro zone must repay Thursday a total of 442 billion euros at the ECB.

Furthermore, the ECB said it has drained the less money it expected from banks for the first time since the launch of its operations in May of absorption, to neutralize the inflationary impact of its purchases government bonds.

Around 1600 GMT, the British pound gained a little ground against the euro at 80.77 pence per euro, climbing to 80.67 pence to 3:40 p.m. GMT, its strongest level since November 7, 2008. The pound lost again, however some ground against the greenback at 1.5086 dollars.

The franc still progressed significantly against the euro at 1.3178 Swiss francs per euro, after a new record at 1.3171 Swiss franc reached around 3:45 p.m. GMT. The Swiss currency also progressed against the dollar at 1.0816 Swiss francs to the dollar, after peaking at 1.0808 Swiss francs, its highest level since early May.

The ounce of gold finished at 1234.50 dollars at auction in the evening cons 1261 dollars the previous day.

The Chinese yuan finished at 6.7977 yuan to one U.S. dollar against 6.7959 yuan on Monday.

Classes Tuesday Classes Monday

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1600 GMT 2100 GMT EUR / USD 1.2185 1.2276 EUR / JPY 107.75 109.68 EUR / CHF 1.3178 1.3344 EUR / GBP 0.8077 0.8125 USD / JPY 88.42 $ 89.35 / CHF 1.0816 1.0869 GBP / USD 1.5086 1.5106

1600 GMT 2100 GMT EUR / USD 1.2185 1.2276 EUR / JPY 107.75 109.68 EUR / CHF 1.3178 1.3344 EUR / GBP 0.8077 0.8125 USD / JPY 88.42 $ 89.35 / CHF 1.0816 1.0869 GBP / USD 1.5086 1.5106

1600 GMT 2100 GMT EUR / USD 1.2185 1.2276 EUR / JPY 107.75 109.68 EUR / CHF 1.3178 1.3344 EUR / GBP 0.8077 0.8125 USD / JPY 88.42 $ 89.35 / CHF 1.0816 1.0869 GBP / USD 1.5086 1.5106

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