• American focus : the euro regained almost all previously lost ground against the dollar

Noticias del mercado

18 diciembre 2013

American focus : the euro regained almost all previously lost ground against the dollar

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%.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: