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Showing posts with label rates raise. Show all posts
Showing posts with label rates raise. Show all posts

Tuesday, 1 November 2016

Dollar rises in price against the euro, while remaining at a maximum of 7 months

During today's Asian trade, the US dollar rises in price in tandem with the euro, while remaining at a peak since March on expectations of rate hikes by the Federal Reserve System in December.
In October, the dollar showed growth in pairs with all the currencies of developed countries, for Bloomberg the dollar index this month was the best since 2008 - an indicator added 2.2%.
Euro to 6:25 GMT was worth $1.0969 compared with $1.0981 at the close of the North American market.
The chances of increase in the Fed rate to the end of 2016 increased to 71.4% with less than 60% at the end of September. The market confidence in recent days was reinforced by published positive data, including the dynamics of US GDP in the 3rd quarter, and income and expenses of Americans in September.
The dollar against the yen is stable - 104,80 yen against 104.82 the previous day.

Friday, 19 August 2016

GBP/USD pair fell, despite positive UK data

On Friday, the pound fell against the dollar, despite positive UK data, as yesterday's US economic reports continue to provide support to the US currency.
During European morning trade, the pair GBP/USD reached 1.3112, the session low and subsequently consolidated at 1.3115, down by 0.43%.
The pair was likely to find support at 1.2976, Wednesday's low and resistance at 1.3449, the high of August 4.
The Office for National Statistics said, that UK net borrowings in public sector declined in July by £1.47 billion, compared with expectations for falling to £ 1.20 billion pounds.
In June, an increase of £7,510 billion being revised to £7.31 billion.
The dollar strengthened, after data on Thursday showed, that the number of initial applications for unemployment benefits for the week, ending August 13, fell by 4000 up to 262000. Economists had expected a decline by 1000.
In addition, the Federal Reserve Bank of Philadelphia said that their index of manufacturing activity rose this month to 2.0 from -2.9 in July, similar to the consensus forecast.
Sentiments on the dollar remain under pressure after the minutes of the July's FED meeting for monetary policy, released on Wednesday, showed that the officials, responsible for the policies of the central bank still disagree on the need to raise rates this year.
Nevertheless, the president of the Federal Reserve Bank of San Francisco John Williams on Thursday expressed support for the increase in US interest rates in the coming months, saying that if it's too long to wait, it could cost the economy dearly.