• American focus: the dollar continued to strengthen

Noticias del mercado

3 enero 2013

American focus: the dollar continued to strengthen

In today's trading the dollar has increased significantly while still achieving a three-week high against the euro. This evolution was triggered by the fact that many market participants are awaiting adoption by American lawmakers agreement, which will help to increase public debt limit.

Value of the yen rose against the euro and the dollar on concern that in February and March the U.S. Treasury exhausts its "extraordinary resources" in the amount of 200 billion dollars, which will be used to finance the preservation of the government. Recall that the 31 December 2012 the country has reached its debt ceiling, which is $ 16,400 billion

The dollar index (DXY), which is used to track the value of the dollar against the currencies of six U.S. partner, has reached three-week high, rising at the same time by 0.5% (to 80.229).

At the same time, economists Royal Bank of Scotland Group Plc said that according to their forecasts, the U.S. currency fell to the end of the year to $ 1.19 per euro by year-end.

Meanwhile, according to JPMorgan, the index currency G7, which is calculated as the average of the last three months, fell to 7.54, while reaching its lowest level since Dec. 21. Note that the decline makes investments in currencies with higher interest rates more attractive. Note that last year the average value of the index was 9.23.

The Australian dollar has returned all its previously lost ground against the U.S. dollar after a report showed U.S. private company in December added more jobs than expected in December. Note that, according to data from ADP, the number of workers increased by 215,000, from a revised upward rate in November at 148,000, as well as the expectations at around 140,000.

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