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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.

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