• American focus : the Japanese yen has strengthened considerably against the dollar

Notícias do Mercado

27 setembro 2013

American focus : the Japanese yen has strengthened considerably against the dollar

Rate of the euro traded higher against the dollar, although it lost some of the previously -earned positions. Note that support for the euro initially had information that pointed to the improved sentiment in the euro-zone economy . As it became known to consumers and businesses in 17 countries of the euro area September were less pessimistic than in the past two years. This indicates that economic growth in the eurozone is likely to continue in the coming months . On Friday, the European Commission reported that the leading index of economic sentiment in the euro area in September rose to 96.9 from 95.3 in August , its highest level since August 2011 . This index is calculated on the basis of surveys of companies and consumers in the region . Along with recent surveys of purchasing managers , the index indicates that economic growth in the euro area continued in the 3rd quarter. If the growth will be sustained confidence , it will increase the cost of consumers and companies. However, the index of sentiment in the economy remains below the average for the period since 1990, which is 100 .

Also contributed to the strengthening of the euro comments Fed's Evans. who said that plans to raise interest rates helped lift growth in the United States . Speaking at a conference of central banks in Oslo , Norway , Evans said the better-than -expected U.S. economic growth in the period from 2009 to 2013 is associated with messages about the Fed's future policy. Headwinds that have influenced the growth between 2011 and 2013 without the promise from the Federal Reserve to keep interest rates low for an extended period of time, would worsen the situation. In addition , Evans said that monetary policy is used as a weapon against financial instability will lead to inflation below 2 % , the Fed's second goal . Evans also said that the central bank was not quite ready to cut purchases at the last meeting in September , and he sees that the U.S. unemployment rate should fall below 6.5 % before raising the federal funds rate .

The pound rose significantly against the dollar, which was associated with the statements of the Bank of England's Mark Carney . He said that the UK economy " continues to recovery" against the background of accelerating growth in Europe and the United States. "The last time the countries with developed economies began to feel better," - said Carney . - "Europe and the United States as the major importers of products from the UK, providing support to our economy ."

Carney said that at the moment the UK is at the head of the developed economies on the back of higher household incomes , lower unemployment and the real estate market recovery .

"Business and household confidence in the fact that the Bank of England will not raise interest rates as long as the economy does not show signs of steady growth . We have introduced a threshold in the unemployment rate of 7% as a guide, that may soon start tightening our policy , "- said Carney .

"The Bank of England also may consider easing of monetary policy , in case the recovery stop. But I see the restoration and strengthening of the economy , I do not base to expand quantitative easing "- said the head of the Bank of England.

The yen rose significantly against the dollar, helped by the comments of Finance Minister Taro Aso that Japan can not reduce corporate taxes . In an interview with Aso said that if the tax cuts will require funding.

Comments helped support the yen moderately as a haven amid concerns over the debt ceiling. Today, the U.S. Senate will vote on the bill for the costs . And in mid-October, the United States is estimated to have once again reach the debt ceiling. The debate on this issue once again at an impasse , because the Republicans want to prevent its increase , reducing the federal budget, and the Democrats want to protect spending.

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