• American focus : the euro fell sharply against the U.S. dollar

Market news

17 January 2014

American focus : the euro fell sharply against the U.S. dollar

The dollar has risen considerably against the euro, which was associated with the release of U.S. data packet . As it became known , bookmarks new homes have retained high rates in December , which is a sign that the housing market can overcome the effects of higher interest rates . Bookmark new homes in the U.S. fell by 9.8 % last month and reached a seasonally adjusted annual rate of 999,000 , the Ministry of Commerce said on Friday . But this figure was significantly higher summer levels and almost coincided with the forecast of economists at 1 million bookmarks in December. Nojabrskie rates were revised to 1.11 million from the previous estimate of 1.09 million, which is the strongest level in more than five years. In December, the number of building permits indicator of future construction, fell 3.0% to 986,000 units. Permits also fell in November. For all of 2013 the volume of new housing construction rose by 18.3% over the previous year to 923,400 . It was the strongest year since 2007 , the year before the recession began . Building Permits rose 17.5 % from 2012 to 974,700 , it is also the strongest level since 2007.

Meanwhile , another report showed that industrial production , which measures output in the manufacturing sector , the municipal sector and the mining sector increased by a seasonally adjusted 0.3 % last month compared with November . During 2013 , total production increased by 3.7%. Capacity utilization rose 0.1 percentage points to a level of 79.2% . Figures differed slightly with forecasts . Economists had expected industrial production to grow at 0.4 % in December, and the utilization rate is 79.2% . The November growth was revised down slightly to 1.0% . Utilization rate was revised up to 79.1 %.

Pound rose sharply against the dollar, though it has lost some of the previously captured positions . On the dynamics of trade affected by strong retail sales data . It is learned that retail sales in the UK rose in December , with the annual growth rate was the fastest in more than nine years. Sales far exceeded analysts 'expectations and pointed to consumers' desire to spend money on as the British economy recovers. According to the data , retail sales in December rose by 5.3% compared with the same period last year. This is the highest annual growth rate since October 2004 . Compared with the previous month sales rose 2.6% , and it was the strongest monthly increase since February 2010, the Bureau of Statistics reported . Retail sales growth exceeded analysts' expectations. Economists were to grow sales in December was only 0.5 % compared to November and 2.5% compared to December 2012 . Excluding automotive fuel retail sales rose by 2.8 percent on a monthly measurement of December , beating the consensus increase by 0.3 percent . Annualised sales recorded an increase of 6.1 percent , which is much faster than expected growth of 3.2 percent . These data indicate a strong growth of the British economy in the 4th quarter of last year , after rising by 3.2% year on year in Q3.

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