Market news
28.08.2013, 18:20

American focus: the dollar rose sharply against the euro

The dollar rose significantly against most major currencies, which was mainly due to risk aversion on concerns the beginning of full-scale military operation forces in Syria Western heads of state and governments of the world powers can not come to a consensus on the use of chemical weapons in Syria the need to strike back.

United States and its allies are considering a military strike on Syria in response to an incident involving chemical weapons in Syria, which led to the deaths of more than 300 people.

Russia and China are strongly opposed, arguing that there is no direct evidence of use of chemical weapons by government forces, as it could fall into the hands of insurgents.

U.S. Secretary of State John Kerry on Monday called "convincing and irrefutable" evidence of the use of chemical weapons near Damascus. NBC television quoted an unnamed representative of the U.S. government reported that air strikes on Syria may be applied as early as Thursday.

The representative of the British prime minister said on Tuesday morning that the military response would be "proportionate", adding that discusses what it will mean in practice.

We also add that the dollar is rising against the euro on the data on the index of consumer confidence in Germany. As it became known, the mood among German consumers declined slightly in September after reaching a six-year high in August, as households expect that the recovery will be sluggish in the coming months, the report showed research institute GfK on Wednesday. Prognostic indicator of consumer confidence in September fell to 6.9 with six-year high in August 7. Economists had expected the index to increase 7.1.

The pound regained almost all previously lost ground against the dollar, which primarily was due to the performance of the Bank of England, Mark Carney, who noted that the Bank of England stands ready to take further measures to stimulate the British economy, if rising interest rates in the financial markets will threaten all More weak economic recovery.

Recall that the Bank of England on August 7 has promised to keep its key interest rate unchanged at 0.5% as long as the level of unemployment in the UK has fallen to a threshold level of 7%. The central bank does not think that this level will be reached before 2016. However, the market is believed that the rate may be increased 2015. Central bankers are concerned about the fact that these expectations can lead to higher interest rates on loans to households and companies that can disrupt the economic recovery.

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