الأربعاء، 16 مارس 2016

Dollar rises against its major counterparts



The dollar rose against other major currencies on Wednesday, as investors awaited the release of US data, as well as the monetary policy of the Fed statement due later in the day.
It has the dollar / yen rose 0.37 percent to 113.57.

Investors are awaiting with interest the monetary policy meeting, which lasts for two days and ends Wednesday, while most investors expect that there will be no changes due to the existence of signs of weakness in the global economy.

As it is likely that the US central bank suggesting that interest rates will rise somewhat soon, as long as inflation in the United States is improving.


At the same time, the US was also to publish data on building permits for the month of February and the construction of housing, followed by a report on industrial production for the month of February for clues on the strength of the economy.

EUR / USD shedding 0.15% to trade at 1.1091.


The dollar rose against the pound and the Swiss franc, with GBP / USD shedding 0.37% to trade at 1.4099 and the USD / CHF inching up 0.13% to trade at 0.9885.

According to Office for National Statistics said the unemployment rate stabilized at 5.1% in the three months to January, in line with expectations.
As the number of jobless claims fell by a seasonally adjusted 18,000 in February, compared with expectations for a decline of 9,100 people, after a drop of 28,400 in the previous month, which was revised lower from the race reached 14,800.
At the same time, the average earnings index, including seasonal bonuses rose by 2.1% in the three months of January, higher than expectations for an increase of 2.0% after increasing 1.9% in the three months to December.

Excluding bonuses wages rose by 2.2%, beating expectations of 2.1%, after increasing 1.9% in the three months to December.
And we remained limited the dollar's gains against the commodity linked Canadian dollar after crude oil rising to the highest level after OPEC producers and producers outside OPEC agreed to hold their next meeting on a plan to freeze production levels in Doha, Qatar on April 17, even without the presence of Iran.

At the same time, the Australian dollar was steady against the dollar, with AUD / USD was trading at 0.7459, while the NZD / USD up 0.09% to hit 0.6608.
USD / CAD up 0.15% to hit 1.3375.
The dollar index, which measures the dollar's strength against a basket of six major currencies, rose 0.23% to trade 96.88, the highest level since March 10 / of March.

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