Wednesday, by the strong U.S. economic data encouraged the market, the Fed may introduce more stimulus expected cooling of economic measures, the dollar got a boost and stronger, and to promote the dollar against the yen in the one-month high near steady.
 
Asian trading hours, the U.S. dollar against the yen in early trading up to 78.90, then pared gains late in Asia pullback to the 78.80 position, after the European trading session once again rose to 78.95 near the one-month high; the euro against the U.S. dollar Asian City was steady at 1.2325 near to the European market was diving to 1.2275.
 
Tuesday New York trading, the U.S. announced in July retail sales data recorded within four months of the first increase, indicates that consumers may be America's third-quarter economic growth will lead to strong data to reduce the market launch of the U.S. QE3 expectations, boosting the dollar and prompted U.S. $ 79.93 one-month high against the yen touched; At the same time, while Germany and France, the economic data is also slightly better than expected, but to get rid of the second quarter of contraction in the economy did not bring the euro area too much positive impact on the euro held steady against the U.S. dollar. The late New York trading, the U.S. dollar against the yen, 78.75, rose 0.57 percent on the day; report of the euro against the U.S. dollar 1.2323, down 0.06 percent on the day.
 
From a technical perspective, the euro against the dollar's recent support level 1.2239 of August 10 low, if the breakthrough, the next support at 1.22 integer mark; high resistance in the 1.2443 of August 6, if a breakthrough. the next resistance at 1.2470 the 63-day moving average.
 
The present situation, the strong U.S. economic data the market that the United States in the second quarter slowdown in economic growth may be a temporary phenomenon, the future U.S. economy is likely to, this also reduces the Federal Reserve will soon launch QE3 expected. Signs of improvement in the U.S. economy of the euro area the majority of the economy and the economy as still weak in contrast to the debt crisis in Europe has not yet effective solution to the euro popularity is obviously insufficient, the dollar recently may strengthen further.



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