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U.S. Moody’s Investors Service warned that California may cut the credit rating, which makes dollar under pressure in New York on the 19th the U.S. dollar against most major currencies, exchange rate down.

 19, Moody’s said that if the California legislature that does not quickly come up with a budget plan, the company may be in California to reduce the number of grade credit rating. California is already 50 states in the U.S. credit rating, one of the lowest in the state.

 As the economic crisis so that the state government revenues have fallen sharply, and California have resulted in a serious financial crisis now facing budget deficits of 24.3 billion U.S. dollars. State audit department has announced that the current cash in California can only hold on until the end of July.

 Earlier this week, Standard & Poor’s warned that the possibility of lowering the credit rating of California, said the U.S. government refused to provide emergency assistance to the Government of California. This makes the outlook for U.S. concerns about the overall financial position strengthened, the formation of downward pressure on the dollar.

 The recent release of economic data has more information about the U.S. economic recession of the signal is coming to an end, but a resumption of economic growth seems to go. Investors are closely watching the Federal Reserve will be held next week’s monetary policy meeting.

 19 New York City 1 euro dollar 1.3956 U.S. dollars, up from 1.3903 U.S. dollars the previous day; £ 1 dollar 1.6518 U.S. dollars, up from 1.6350 U.S. dollars the previous day.

 ¥ 96.19 dollar one U.S. dollars, down from ¥ 96.60 in the previous session; 1 U.S. dollar 1.1345 Canadian dollars, up from 1.1330 Canadian dollars the previous day; 1 U.S. dollar 1.0797 Swiss francs, down from 1.0858 Swiss francs in the previous session.

 Xinhua News Agency, New York, June 18 – Released as a result of a number of new U.S. economic data is encouraging, in New York on the 18th U.S. dollar rose against major currencies.

 18 U.S. Department of Labor reported that initial applications for unemployment benefits last week, the number has increased slightly over the previous week, but over the past four weeks to apply for the first time the average number of unemployment benefits in February fell to its lowest point since the middle of continuing to apply for unemployment benefits the number of 21 weeks in a row prices fell after the first time. This was further evidence that the labor market may be towards stability.

 The Conference Board reported that leading indicators of the U.S. economy following the 1.1 percent growth in April, the May re-growth of 1.2%, in 2006 this is the first time since the index growth for two consecutive months. Analysts believe that this indicates that the United States the possibility of economic recession as expected, as the end of the year.

 Philadelphia Federal Reserve released a new report shows that in June the Philadelphia Federal Reserve manufacturing index for the negative 2.2, much better than the negative 22.6 in May. The latest data show that areas under the jurisdiction of the Philadelphia Fed’s manufacturing industry is still shrinking, but the shrinkage rate has been greatly slowed down.

 In addition, the United Kingdom published by the National Bureau of Statistics data show that British retail sales in May from the previous month decreased by 0.6% over the previous year fell 1.6 percent over the same period, are greater than the decline analysts expected. This data undermined investor confidence in economic recovery in the United Kingdom, the pound to fall against the U.S. dollar.

 18 New York City 1 euro dollar 1.3903 U.S. dollars, down from 1.3960 U.S. dollars the previous day; £ 1 dollar 1.6350 U.S. dollars, down from 1.6419 U.S. dollars the previous day.

 ¥ 96.60 dollar one U.S. dollars, up from ¥ 95.70 in the previous session; 1 U.S. dollar 1.1330 Canadian dollars, up from 1.1305 Canadian dollars the previous day; 1 U.S. dollar 1.0858 Swiss francs, up from 1.0783 Swiss francs in the previous session.