• American focus: dollar strengthened

Notícias do Mercado

22 julho 2014

American focus: dollar strengthened

During the U.S. session on Forex U.S. dollar rose against most currencies after the release of the inflation report and housing data.

Consumer prices continued to rise in June, but slightly slowed down compared to the previous month. This was stated in the report submitted to the Department of Labor.

According to the data, the June consumer price index rose a seasonally adjusted 0.3% after rising 0.4% in the previous month. Excluding food and energy, the index rose by 0.1% compared to 0.4% in May. Economists predicted a 0.3% growth of the overall index and a 0.2% increase in the benchmark.

In annual terms, the consumer price index rose by 2.1%, which corresponded to an increase in the previous month and was in line with expectations. Meanwhile, the core CPI rose by 1.9% per annum, the pace slowed slightly compared to May (when the index rose by 2%). Economists had expected an increase of 2.0%,

Also add that the index for personal consumption expenditures, which is the preferred measure of inflation for the Federal Reserve, rose by 1.8% per annum, while the core index (excluding food and energy) rose by 1.5%.

In turn, the volume of sales in the secondary market in the U.S. has grown significantly at the end of June, while fixing the third monthly increase in a row, which is a sign of recovery after months of decline.

National Association of Realtors (NAR) reported that seasonally adjusted sales in the secondary market rose in June by 2.6%, reaching an annual rate of 5.04 million units, the highest since October last year. We also add that the figure for May was revised upward - to 4.91 million units from 4.89 million units. Economists had expected sales to increase to 4.98 million level

"We see that the recovery in the housing market takes on a broader basis," - said Lawrence Yun, chief economist at NAR. He also pointed to an increase in purchases made by those who are first-time buyers, and highlighted the improvement in single-family housing sector sales and condominiums. But despite the growth, the market has not regained its former strength. Compared to last year, sales in June fell 2.3%. We also add that the current pace of sales roughly correspond to the level of 2000.

Today's report also showed that prices rose more slowly than in previous months. The average sales price of the home in June was $ 223,300, which is 4.3% higher than the same period last year. Also note that the number of homes for sale rose by 6.5% compared with a year earlier. Given the current pace of sales will require 5.5 months to exhaust the entire stock.

Pound fell, came under pressure amid a general strengthening of the dollar against European rivals. British data reflected the drop in public sector borrowing (PSNB) to £ 9.506 billion in June from £ 10.300 billion forecast, although pound for almost did not react. We also learned that Britain's budget deficit widened in the first three months of the fiscal year, as an increase in investment income was offset by a slight change. This was stated in the report submitted to the Office for National Statistics. According to reports, the UK's budget deficit increased to 36,100 billion pounds ($ 45.600 billion) in the three months fingoda (June), compared with 33.7 billion pounds in the same period last year. Higher spending on benefits, local governments and investment income offset rising by 1.6%. Meanwhile, it became known that the June budget deficit was at 11.4 billion pounds, compared with 11.5 billion pounds last year. Taking into account the transfers from the Bank of England, the budget deficit in June 2013 was 7.6 billion pounds.

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