• American focus: European currency continued to decline against the dollar

Notícias do Mercado

21 junho 2013

American focus: European currency continued to decline against the dollar

The dollar rose against the euro significantly, playing the news from the Fed. Investors buy U.S. dollars after the U.S. central bank has signaled that it plans to reduce the amount of monthly purchases of bonds by the end of this year if the economy continues to improve.

Add that today published data on balance of payments euro-zone, which had no material impact on the single currency. The surplus of the current account of balance of payments euro area in April fell from historic highs, but remained at a high level. The surplus of the current account deficit declined in April to 19.5 billion euros (25.7 billion dollars) against the maximum level ever of 25.9 billion euros in March. The data presented are adjusted for seasonal factors and the number of working days in each month. Trade surplus in April, the euro area reached 18.1 billion euros against 22.5 billion in March, indicating a continuing excess of exports over imports.

The pound fell against the U.S. dollar, but was able to regain some of their losses against the Fed's comments Byllarda, who noted that the Fed should focus on keeping inflation close to the target yrovnya, and do less strong emphasis on the market tryda.

Byllard expects yroven ypadet unemployment rate to 7.1% by kontsy 2013. In addition, it was reported that Byllard rosty lowered the forecast for U.S. GDP in 2013 to 2.8% from 3%. In his view, the Fed may have to consider further easing if inflation slows further

Add that to the dynamics of trade affected by the report of the National Bureau of Statistics of the United Kingdom (ONS), which showed that the government borrowed in May, much less than expected. However, the data is improved due payments in the amount of 3.2 billion pounds ($ 4.9 billion) received from Swiss banks under the new tax treaty between the UK and Switzerland, as well as the transfer of profits from the program of bond purchases the Bank of England, which was 3.9 billion pounds. These two factors, net borrowing of the public sector, the government preferred indicator of the budget deficit in May amounted to 8.8 billion pounds. It is 6.9 billion pounds lower than in May last year. Excluding payments from Swiss banks and the transfer of the Bank of England's public sector net borrowing in May totaled 15.9 billion pounds, slightly more than in May 2012.

The Canadian dollar declined significantly against the U.S. dollar after data showed that Canadian inflation rose in May, less than expected, while natural gas prices rose at the fastest annual pace in nearly four and a half years, while the costs powered slowed down, and gasoline prices declined.

The consumer price index (CPI) of Canada in May rose by 0.2% compared with April, when it fell by the same amount. In annual terms, consumer price growth rose to 0.7% compared to the three and a half year low of 0.4% reached in April.

Economists had expected the index of consumer prices rise by 0.4% compared with the previous month and by 0.9% in annual terms.

Consumer Price Index (Core CPI), which excludes the eight most volatile components, including food and energy, rose 0.2% on the month, compared with 0.1% in April. An annual increase of 1.1%, as in April.

In seasonally adjusted monthly CPI rose 0.1% after falling 0.4% the previous month, and the base remained unchanged.

O foco de 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 Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: