• American focus: the dollar strengthened against the yen and the pound

Notícias do Mercado

27 junho 2013

American focus: the dollar strengthened against the yen and the pound

The U.S. dollar rose against the yen after a series of statistics and comments President Federal Reserve Bank of New York Uilliyama Dudley. The labor market is the number of initial claims for unemployment benefits fell last week to 346 thousand, and personal income and spending showed an increase in May. So, Americans are spending more in the past month by 0.3% m / m, and their incomes rose by 0.5% m / m with average expectations of +0.2% m / m It is also worth noting the growth of the index of pending home sales in May by 6.7% m / m to 112.3 points and the drop in the index of business activity in the Federal Reserve Bank of Kansas industry in June to -17 points with 5 points in May. The President of the Federal Reserve Bank of New York Willie Dudley, in turn, said that the central bank may extend bond purchases if the economy does not justify the hopes regulators.

The euro rose against the dollar after a report from the European Commission showed that in June, the index of sentiment in the economy increased markedly, thereby exceeded the forecasts of experts, and reaching the highest level since May 2012. According to a report in the current month index of sentiment in the economy, which integrates research businesses and consumers across the euro zone, rose to 91.3, up from 89.5 in May. Economists say the index, as well as recent surveys of purchasing managers suggest that the recession in the euro zone may slow down in the second quarter. If this trend will continue, it will help to increase consumer spending and companies, as well as be able to contribute to a return to growth at the end of this year. However, it is worth noting that the index of sentiment in the economy remains below the average of 100.00 since 1990. The European Commission also reported that the increase in confidence has been allocated for the five largest economies of the eurozone - the largest increase was recorded in Spain and Italy. However, confidence fell in Greece, Austria and Slovakia.

Value of the pound fell sharply against the U.S. dollar in the background that the final data, which were presented by the Office for National Statistics (ONS) showed that the British economy could avoid a recession in the first quarter, while confirming the initial estimates. According to the report, in the first three months of this year, gross domestic product grew by 0.3%, while changing the 0.2% decline that was recorded in the fourth quarter of last year. It should be noted that the last value found in accordance with the forecasts of experts. Meanwhile, it was revealed that, compared with the first quarter of 2012 the economy grew by 0.3%, after zero growth in the previous quarter, which was a surprise to many experts, as they were waiting for confirmation of the initial assessment - at the level of 0.6 %. The Office for National Statistics also reported that first-quarter GDP is estimated to have been 3.9% lower than before the peak of the financial crisis peak in the first quarter of 2008. In addition, it was noted that a review of past GDP figures showed that the economy has not recorded double-dip recession in 2012. In the ONS today announced that in the first quarter of 2012, the economy showed zero increase, instead of the earlier estimate of 0.1% contraction, so that there were no two consecutive quarterly declines that define a recession.

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