• American focus: the dollar got a boost from strong statistics

Notícias do Mercado

25 junho 2013

American focus: the dollar got a boost from strong statistics

The dollar rose against the euro after better-than-forecast U.S. data analysts increased speculation that the Federal Reserve will cut bond purchases.

As shown by recent data that has been provided by the Ministry of Commerce, at the end of last month the demand for expensive manufactured goods increased significantly, thereby exceeded the forecasts of experts, and fixing the second consecutive monthly increase. According to the report, the seasonally adjusted total number of orders for durable goods rose in May by 3.6%, reaching at the same level of $ 231 billion, which was followed after an increase of 3.5% in the previous month, which was revised increase of 3.3%. According to experts the average value of this indicator was to increase by 3.0%.

Sales of new U.S. homes rose in May to its highest level in nearly five years, an important indicator of prices of existing homes also rose. This indicates a significant resistance U.S. housing sector, despite recent concerns about rising rates on mortgage loans. Sales in the primary housing market in May rose 2.1% and adjusted for seasonal variations were 476,000 homes a year, reaching the highest level since July 2008. According to another report, the housing price index Case-Shiller 20-city in April rose by 12.1% compared to April 2012. Housing prices in 20 metropolitan areas in April showed the biggest monthly increase since the beginning of the data, up 2.5% compared with March.

Consumer confidence in the U.S. in June rose to its highest level in five years. This is evidenced by the report, a private research group Conference Board, released Tuesday. According to the data, the index of consumer confidence in the U.S. in June rose to 81.4 from a revised 74.3 in May values. Earlier it was reported that in May, the index was 76.2. The June index was the highest since January 2008. Economists had expected the index falling to 75.6 in June.

The yen earlier rose, retreating from a two-week low against the U.S. dollar, against the background of a two-day decline of Asian shares and the liquidity problems of Chinese banks. Recall that at the end of last week due to the lack of liquidity rate of one-day and weekly repo interbank lending rose to its highest level in five years, reaching the historic mark June 20 in 13.44%. Yesterday, the People's Bank of China has warned the country's banks on the need for greater control over their own liquidity, as well as on its risks. In this regard, Goldman Sachs analysts downgraded China's GDP growth forecast for 2013 from 7.8% to 7.4%, citing weaker macro-economic indicators and the tightening of financial conditions.

Value of the pound earlier rose against the U.S. dollar, which was associated with the speeches of the representatives of the Bank of England, as well as the publication of the data.

Note that the report of the British Bankers' Association showed that the number of approved applications for mortgage loans increased significantly in May, thereby exceeded the forecasts of most experts, since the scheme lending contributed to the entry of those first decided to buy a home.

According to a report on the results of May, the number of approved applications for mortgage loans aimed at buying a home has increased to the level of 36,102, compared with 32,952 in the previous month. It is worth noting that according to the average forecasts of experts the value of this index would grow to the level of 33100.

In addition, it was reported that the total number of mortgage approvals rose in May to the level of 65,752, compared with 61,262 a month ago.

In the British Bankers Association also reported that the increase in the number of permits for house purchase continued its upward trend, which is celebrated from the beginning of this year. Meanwhile, it was noted that the assistance from the scheme of mortgage lending is expected to continue to attract more and more new buyers into the housing market.

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