U.S. dollar at the Asian auctions on Wednesday ranged on a basket of major world currencies, it is not so far advanced on the minimum this year, as investors took a wait-and-see attitude in anticipation of the publication of a new portion of the United States.
Foreign Exchange Market has decided to rest after the recent surge of activity, - said Mitsuru Sahara from the Bank of Tokyo-Mitsubishi UFJ.
To 10.15 PM IST quotes yen to the dollar fell by more than 0.3 per cent to 94.21 per unit of Japanese currency.
Quotations Euro /dollar fell to $ 1.4138 /41 from about $ 1.4167 at closing in the United States and $ 1.4305 on EBS electronic trading on Tuesday, which was the highest since early June.
Investors continue to assess the state of the real economy, by studying the macroeconomic indicators of the United States. However, it is difficult to predict how the currency market will respond to new data that may be equally controversial, as received in recent times, - said Sahara.
The index of consumer confidence in the UnitedStates, designed by NFO Research Inc. commissioned by a private research company Conference Board, fell in July to 46.6 point, while analysts were expecting only a reduction of up to 49.0 point with 49.3 a month earlier.
Fed at 22.00 AM EDT on Wednesday will publish a so-called Beige Book - a report on the situation in the American economy.
Friday received data on the growth of GDP of the United States in the second quarter.
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