• American focus : the euro fell slightly against the dollar

Notícias do Mercado

23 setembro 2013

American focus : the euro fell slightly against the dollar

The yen rose against most major currencies, against the background of the fact that U.S. Treasuries rose and yields fell on their heads discussing the Fed's rate of economic growth. The yield on 10-year bonds fell 1 basis point to 2.726 %. The yield on 30 -year bonds also fell 1 basis point to 3.755 %, and 5 - year securities - 1.5 bp to 1.469 %.

Speeches by leaders of the Fed after the decision not to reduce the asset purchase program again raised the question of when the Fed is ready to stop loose monetary policy.

Atlanta Fed President Dennis Lockhart said the U.S. economy has lost some strength, noting that improving growth requires a significant amount of innovation. Meanwhile, Lockhart , who is now not a voting member of the FOMC, did not comment on the size of the solutions asset purchase .

President of the New York Fed , William Dudley, who is a voting member of the FOMC, said that the budget brake generated tax increases and budget sequestration , continues to justify a very stimulating monetary policy. Dudley said that last week he supported the Fed's decision to maintain the current pace of asset purchase .

The dollar rose slightly against the euro, which was due to release data on manufacturing activity in the euro area. Despite the fact that the Purchasing Managers 'Index rose , data on manufacturing activity were weaker than economists' expectations .

In the eurozone, the preliminary consolidated production index rose in September more than expected to a 27- month high of 52.1 compared with 51.5 in August. Economists had expected a rise to 51.7 . The index of purchasing managers in the services sector reached 52.1 compared with 50.7 in August. Activity in the services sector rose a second month in a row , has expanded at the fastest pace since June 2011 . Meanwhile , the index of manufacturing activity fell to 51.1 in September from 51.4 in August. However , industrial production increased for the third consecutive month.

In addition, the course of trading was influenced by the statements of President Atlanta Fed 's Lockhart , as well as the head of the New York Fed Dudley .

Meanwhile, we add that little pressure on the U.S. dollar had data on the index of business activity in the industry. Note that in September, the index of manufacturing activity in the U.S. PMI Markit weakened to 52.8 vs. 54.2 and 53.1 above. The decrease was primarily due to a reduction in new orders , including export , as well as the deterioration of the employment situation .

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