June 28, 2011 12:35 AM GMT
Today, the Asian major currencies rebounded against the US dollar for the first time in a week after the US personal income and spending indexes came lower than both the previous and the market expectations.
However, the investors turned to buy high yielding currencies after Greece announced that it will avoid defaulting on its debt, increasing the demand for Australian dollar and the New Zealand dollar.
On Wednesday Euro/Dollar continued decreasing significantly with 140 pips. The European currency depreciated from 1.2687 to 1.
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