• American focus : the euro fell

Noticias del mercado

17 abril 2014

American focus : the euro fell

The dollar rose against the single currency after data on the U.S. labor market . The number of Americans apply for unemployment benefits rose slightly last week , but remained near seven-year low , indicating that the improvement of the labor market .

According to the Labor Department , the seasonally adjusted number of initial claims for unemployment benefits rose for the week ended April 12 , 2 thousand - to the level of 304 thousand average number of complaints over the past four weeks , meanwhile, dropped to 312,000 , reaching its lowest level since October 2007 . Economists had expected initial claims to rise to 316 thousand from 300 thousand which initially reported last week. Many experts believe that the value of this ratio below 400 000 - a sign of a stable job growth and improvement in the labor market .

In addition, manufacturers in the Mid- Atlantic region of the United States reported a considerable improvement of the business environment in this month. This is evidenced by the report of the Federal Reserve Bank of Philadelphia , presented on Thursday . According to the released data, the index of business activity in the manufacturing sector in the region rose to 16.6 in April after recovering to 9.0 in March with unexpectedly low -6.3 in February. April's value - the highest since September 2013 .

The yen rose against the dollar earlier , due to the increase in the Bank of Japan's evaluation of one of the nine regional economies in the nation . It convinces the market that central bankers are still predicting a modest economic recovery , despite the problems due to the increased tax burden on consumers. Investors take positions before further steps to mitigate the monetary policy , while the Bank of Japan is waiting for signs of weakening domestic consumption after the recent increase in the sales tax . The rating was raised in Hokuriku region on the northern part of Honshu Island . Members of the Bank of Japan before its meeting on April 30 want to see the report on GDP growth and prices.

Meanwhile, we add that , despite the weakening of the head of the Bank of Japan Haruhiko Kuroda expectations of additional measures easing monetary policy in the near future , some of the supporters of the aggressive actions of the central bank said that need a lot of new measures. For example , a former board member of the Bank of Japan, Nobuyuki Nakahara , said that the Bank of Japan should consider holding several successive rounds of easing , like the U.S. Federal Reserve , if it fails to achieve the inflation target of 2%. Recall that at the moment Nakahara is one of the closest advisers of Prime Minister Shinzo Abe .

The Canadian dollar strengthened against the dollar, which was associated with the publication of an optimistic report on inflation. Statistics Canada reported that the outcome of last month's producer price index rose by 1.5 % per annum , compared to 1.1 % in February and expert forecasts at 1.0 %. But , despite this marked improvement in the inflation rate for 23 consecutive months is below the target level of the Bank of Canada's 2%. Recall that the last time inflation was 2.0% in April 2012 .

As for the core CPI , which excludes vollatilnye components , it rose in March by 1.3 % per annum , compared to 1.2 % in February and 1.4 % in January.

It should be noted that yesterday the Bank of Canada has provided its report on monetary policy , in which the predicted increase in inflation on a quarterly basis . It is expected that the overall inflation will be at 1.3 % in Q1 , and then accelerate to 1.6 %, 1.8 % and 1.9 % in the next three quarters. Core inflation is forecast to be at 1.2 % in the first and second quarter , and then accelerate to 1.4 % in Q3 and 1.6 % in Q4 .

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