- Analytics
- News and Tools
- Market News
- American focus: The dollar rose
American focus: The dollar rose
The dollar strengthened versus the euro and the yen as reports showed U.S. consumer confidence reached the highest level since 2008 and home values climbed, bolstering bets the Federal Reserve will slow its bond buying.
The Conference Board's confidence index rose to 76.2, the strongest since February 2008, from a revised 69 in April, data from the New York-based research group showed today. The median forecast called for an increase to 71.2.
The Standard & Poor's/Case-Shiller index of property values increased 10.9 percent in March from a year earlier, the biggest gain since April 2006, a report showed in New York.
Japan's currency slid against most of its 16 major peers after an adviser to Japanese Prime Minister Shinzo Abe said the nation's central bank can add to its unprecedented stimulus if necessary to support economic revival. The Bank of Japan pledged April 4 to double bond buying in an attempt to secure 2 percent inflation and drag the world's third-biggest economy out of 15 years of deflation. BOJ Governor Haruhiko Kuroda "should continue to trust in his judgment and ease further" if needed, Koichi Hamada, a retired Yale University professor advising Abe, said today. The policy is working "as well or better than expected," he said.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
