Rate of the euro regained some ground against the dollar, on the eve of the announcement of the outcome of the meeting of the Federal Reserve System . The main issue now worried investors , is the following : will the Fed to reduce the volume of purchases of Treasury bonds and mortgage-backed securities ? Given the number of factors fundamental nature , we can say that a certain reduction in purchases may occur . Among these factors in the first place is worth noting the main macroeconomic reports published during the last month . The data indicate that the recovery of the U.S. economy has enough solid foundation and it can be self-sufficient in order to further improve the employment situation and not only.
Note that initially the strengthening of the dollar helped the U.S. data , which showed that the volume of construction of new homes rose in November to its highest level in almost six years - is the latest sign of renewed movement in the restoration sector. Construction of new homes in the U.S. rose by 22.7% in October to a seasonally adjusted annual rate of 1.091 million . The result was higher than economists forecast in 990 000 , and helped increase the average growth rate over the past three months to 951,000 . Sharp increase in construction of new homes was primarily driven by 21% growth in the construction of single-family homes , the largest and most stable segment of the market . In November, building permits, an indicator of future construction, fell slightly to the level of 1.007 million . Permits jumped 6.7% in October.
Pound rose substantially against the U.S. dollar , which helped the British data. As it became known , the number of applications for unemployment benefits in the UK fell slightly to 3.8 percent in November from 3.9 percent in October . The rate of change in line with expectations of economists.
The number of people applying for unemployment benefits fell by 36,700 to 1.27 million, the lowest level since January 2009 . Economists had expected a drop of 35 200. During August to October was recorded 30.09 million people in employment aged 16 and over , up 250,000 compared to the period from May to July , and more than 485 thousand in comparison with a year earlier . At the same time , the unemployment rate fell to 7.4 percent, compared with a gain of 0.3 percentage points from May to July . The result was lower than expected 7.6 percent . Average weekly earnings , including bonuses , taking into account , rose by 0.9 per cent from August to October compared with the same period a year earlier.
The yen fell against the dollar after a negative report on the trade balance of the country and on the eve of the announcement of the Fed meeting . Note that in November Japan reported the largest trade deficit , which amounted to Y1, 29 trillion . yen ($ 12.6 billion ) , reported today in the Ministry of Finance in Tokyo. In accordance with the average estimate of economists , the index should make Y1350 billion yen. Imports rose by 21.1 % compared with a year earlier, with the support of the upcoming increase in demand due to the sales tax in April. Exports rose by 18.4%.