• American focus: the dollar rose

Noticias del mercado

4 agosto 2015

American focus: the dollar rose

The US dollar rose against other major currencies, supported by data on factory orders and comments from Fed Lockhart.

The volume of new orders for manufactured goods increased markedly at the end of June, thus offsetting the May decline. This was reported in the Ministry of Commerce.

The report noted that factory orders rose in June by 1.8% or $ 8.7 billion., Reaching $ 478.5 billion. This change followed a 1.1% drop in May, which was revised from -1.0 %. Excluding transportation, orders rose 0.5% compared with a fall of 0.1% in April and May.

Also, the data showed that the supply of industrial goods increased $ 2.2 billion., Or 0.5%, to $ 483.5. We recall that in the previous month delivery fell by 0.2%.

Unfilled orders, which declined in the previous two months, he added in June, less than $ 0.1 million., Reaching a level of $ 1194.7 billion. This followed a 0.5 percent decline in May. Meanwhile, the ratio of unfilled orders to shipments in June was 6.94 compared with 6.99 in the previous month.

The Ministry of Commerce said that inventories increased by $ 3.6 billion., Or by 0.6% to $ 653.6 billion. This change followed 0,1protsentnyh increase in May.

The ratio of inventories to shipments amounted to 1.35 in June, unchanged compared with May.

In turn, the Atlanta Fed President Lockhart said the Fed is "close" to the short-term readiness to increase interest rates. In this September may be "appropriate" time to raise interest rates. At the same time, he noted that "a significant deterioration" of data can convince him of the need to postpone the rate hike.

The euro came under pressure earlier data for the euro area. Statistical Office, Eurostat reported, on the basis of producer prices in June evrzone and the EU decreased by 0.1% compared with the previous month. Recall that in May, prices remained stable in the euro area and increased by 0.1% among the 28 EU countries. In annual terms, the producer price index fell in July by 2.2% in the euro area and fell by 2.7% in the EU. It should be emphasized at the end of May prices in the euro area decreased by 2.0%. The monthly change in the index was due to a decrease in prices in the sector of industrial production (-0.1%) and in the energy sector (-0.2%). In the field of production of consumer non-durable goods. and intermediate goods prices remained unchanged. Meanwhile, the rise in prices of 0.1% was recorded in the sector of capital goods and consumer durables. In general, prices in the industry, excluding energy remained stable. The largest decline in industrial producer prices was observed in Lithuania (-1.5%), Denmark, Slovakia and Sweden (by -0.9%), while the highest growth rates were recorded in Spain (+ 0.9%), Estonia (+0 6%), Hungary (+ 0.5%) and Poland (+ 0.4%).

The pound fell against the dollar under the influence of data on Britain, showed that the growth of business activity in the construction sector unexpectedly slowed in July, hurt by the loss of momentum in the field of housing and civil construction. According to the monthly index of purchasing managers in the construction sector fell in July to 57.1 points against 58.1 points in June (four-month high). Analysts had expected the index to rise to the level of 58.4 points. "The slowdown in July, is the first in three months, and possibly an indication that the impact of the election on building the confidence began to decline," - said Tim Moore, senior economist at Markit. Companies that reported an increase in business activity mainly recorded strong inflows of new orders. Meanwhile, the data pointed to a general slowdown in employment growth in the construction sector. Nevertheless, looking ahead, the construction companies of the country spoke very optimistic about their growth prospects over the next 12 months, with more than half of expected growth in business activity.

Markets are waiting for a meeting of the Bank of England, which will take place on Thursday. For the first time the central bank at the same time announce a decision on interest rates and to publish the minutes of its meetings, and new forecasts for the UK economy.

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