• American focus: the dollar rose slightly against the euro

Notícias do Mercado

26 agosto 2013

American focus: the dollar rose slightly against the euro

The dollar rose modestly against the euro, returning with all previously lost ground, even though the publication of weak U.S. data.

It is learned that orders for manufactured durable goods fell sharply in July as demand for aircraft and reduced business costs were weak.

Total orders for durable goods - big-ticket items lasting three years or more - to a seasonally adjusted fell 7.3% to $ 226.6 billion in July compared with the previous month, the Commerce Department said Monday. Economists had forecast a 3% fall. Businesses and consumers usually make such purchases when they are confident in the economy and reduced orders showing possible signs of weakness at the time, as the economy struggles to grow. The decrease came largely from the category of civilian aircraft, which fell by 52.3% for the month. The company Boeing (BA), for example, reported only 90 aircraft orders in July, compared with 287 in June. Orders aircraft represent a small group of producers and their production takes several years, but their high prices can have a significant impact on the total orders. Without the volatile transportation category of durable goods were also relatively weak for the month and fell 0.6%. But the annual figures, which smoothes the data showed that the total orders for durable goods rose by 3.3%, while orders excluding transportation rose 2.5%. A key indicator of business spending - orders for non-defense capital goods excluding aircraft - fell 3.3% after rising in the previous five months.

Value of the pound was little changed against the dollar, with the absence of publication of economic data for the UK, as well as the official day off. However, it is worth noting that a partial influence on the bidding had data for the U.S., as well as the comments of the Bank of England Deputy Governor Charlie Bean. He said that officials hints about keeping rates unchanged in the near future, recognizing the surprise of the market, when offered the so-called "policy of further intentions"

"What we're trying to do is to explain as clearly what are the factors that determine the policy in the future," - said in an interview with Charlie Bean, while attending the annual meeting of the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming.

"The question of what the market is justified and what is not, depends on your point of view and answer the question when inflationary pressures will begin to manifest itself." The new head of the Bank of England, Mark Carney, said earlier this month that the bank will not consider raising rates before unemployment reaches 7%. The UK economy grew by 0.7% in the second quarter, and Mr. Bean said that if the economy is experiencing a "significant slowdown" that politicians can introduce further quantitative easing.

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