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The dollar index rises after today’s huge drop. The dollar is supported by news that Senate rejected a House-passed plan that would raise the U.S. debt ceiling.
The euro declined against dollar after European Union officials said that the contain of Greece’s debt crisis won’t be enough to solve all problems in eurozone.
Fitch Ratings said the part of the aid plan related to private-sector participation will constitute a “restricted default.” The markets await for S&P and Moody's view.
The yen fell against dollar as US Senate defeats House "Cut, Cap and Balance" budget plan.
The loonie weakened versus U.S. dollar from almost a three-year high after a government report showed the nation’s inflation rate slowed in June more than forecast and, thus, on concerns that the Bank of Canada will resume increasing borrowing costs.
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