The yen decreases to the less level

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The yen fell to the less level in eight months and half of the months in front of the dollar on Tuesday the effect of strong economic data in The United States she increased the investors expectations with raising the interest rates this year .
The euro approached the less level in a year with the growth of the fears regarding the success of the financial aid plan to Greece and settled the Australian dollar is high before an expected increase in the interest rates .
The dollar 0.4 rose percent to 94.98 yens which are a level above since August 24 the going Ib . Later he settled near 94.90 yens .
The Ministry of Commerce mentioned on Monday that the transformational industries, in The United States, scored the fastest growth rate in about six years in April and the American consumer spending that represents rose more than two thirds of American economic activity in March for the sixth month in succession .
Also the yen retreated in front of the euro and the Australian dollar .
1.3195 dollars without a change about the closing price in New York scored the euro where 0.7 decreased percent .
And it is expected that the dealings are light due to the closure of the market in Tokyo on Tuesday .
The source : Reuters

The yen decreases to the less level

The rise of the consumer spending in America

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The consumer spending rate rose in The United States last March for the sixth month in succession where the prices pushed the saving size to the lower level in a year and half and this means that the consumers started playing a greater role in the economy which recovery drove the industrial production sector .
US Department of Commerce explained that the consumer spending that represents two thirds of the economic activities in The United States rose by the ratio of 0.6 % in March from 0.5 % in February .
Ghae Libas, the expert of the stable incomes, said that in Gani's enterprise Montgomery is a silence in Philadelphia the consumer spending started recovering on a large scale and the lead of the economic boom moves to the consumers from the companies until with the badness of the situation in the jobs market .
The US government has declared last Friday that the economy grew at a rate of 3.2 % in 1st-Qtr from current year and that the consumer spending increased by the ratio of 3.6 % in the same period .
With the increase of the spending the saving size rose to 303.9 billions dollars in the same period which is the lower since September 2008 .
The prices measurement index rose, except the food and the energy, by the ratio of 1.3 % in a complete year until last March .
But the analysts express their worry towards the rise of the unemployment rate to about 10 % and towards the weak growth to the economy and these worker had may an effect on weakening of the growth in the few next months .
The source : agencies

The rise of the consumer spending in America