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Saturday 31 December 2016

The euro rose, the dollar was down in the last trading session of 2016

The euro jumped to a maximum of three weeks on weak trading on Friday, but is preparing to drop on expectations that the policy of the United States President-elect Donald Trump would fuel inflation and accelerate the increase in Fed rates.
By by the end of the last day of trading in 2016, the dollar index slowed by 0.3 percent to 102.380, below the peak of this year of 103.65, reached on December 20 - the maximum value since January 2003. However, at year-end it added 3.8 percent.
The euro rose by 0.4 percent to $1.0518 after a brief recovery to $1.0700 - the highest value since December 8. During the year the euro fell against the dollar by 3 percent.

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