Weakening USD Still Continue

The exchange rate of the United States ( U.S. ) is weaker against a basket of currencies in the world . This is caused by poor U.S. economic data as well as the cold weather that makes Uncle Sam 's economy slows .
Bloomberg data showed on Tuesday ( 25/2 ) at 20:00 pm , the pair EUR / USD edged up 0.09 % from the previous day be 1.3748 . USD also fell 0.23 % versus the JPY to 102.27 level . However , the USD is still slightly higher 0.04 % against the USD to 0.9031 .
U.S. economic data is bad pressing USD . Most recently, the data Existing Home Sales in January 2014 amounted to 4.26 million units , down 5.1 % compared to December 2013, which amounted to 4.87 million units . This is the lowest level since July 2012 .
Zulfirman Basir , and a Senior Research Analyst PT Monex Investindo Futures , assesses , weakening of USD against EUR due to the slowing U.S. economic data . Winter in the U.S. feared could disrupt production and distribution activities .
This led to speculation that U.S. economic growth in the first quarter of 2014 will be slow . Instead Europe is quite good fundamentals and provide positive sentiment for the EUR . " EUR / USD is still moving sideways until the end of next week , " said Zulfirman .
Analyst PT Harvest International Futures Tony Mariano also considered , the weakening of USD against JPY occur because of poor U.S. economic data . Stronger negative sentiment on the USD . Although no release of data services purchases in Japan are the result below expectation , JPY is still more powerful .
Meanwhile , PT SoeGee Futures analyst Nizar Hilmy rate, strengthening of USD against AUD occur due to a technical hike . But , fundamentally , the Australian currency is quite good and can sustain future performance AUD . " There is no negative fundamentals of the Aussie . If from the U.S. , some data bad economy , " said Nizar .

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