Market news
11.09.2013, 18:20

American focus : the U.S. dollar declined significantly against the euro

The euro rose sharply against the U.S. dollar since the deposition of the vote on approval of military intervention in Syria has reduced demand for refuge assets . It should be noted that on Monday, the first vote on military intervention in Syria , scheduled in the Senate, was unexpectedly delayed. It was assumed that it will take place later this week, but then the senators have made it clear that the vote be postponed to a later date. Earlier, President Obama liked the statement of Minister of Foreign Affairs of Russia Sergey Lavrov, who believes that all stocks of chemical weapons to Syria to pass under international control. Secretariat of the President of Russia has carefully examined the proposal on Syria and decided to postpone the war. Obama said that this could be a first step to ending the conflict .

Note that many market participants are waiting for tomorrow's speech by Federal Reserve Bank of New York William Dudley . Earlier in his speech , on July 2 , Dudley said that U.S. economic growth is likely to quicken in 2014, and to reduce the quantitative easing program may have in the fall. Recall that the meeting will take place on September 17-18 Open Market Committee Federal Reserve , where, according to the median forecast of experts , politicians will reduce the amount of monthly purchases to $ 75 billion from the current $ 85 billion

The pound rose against the dollar significantly , which in the first place was due to release better-than- expected data on British employment as well. This has given rise to expectations that the Bank of England may have to raise interest rates earlier than indicated in the long-term plan policy.

As it became known, in the UK, the number of applications for unemployment benefits fell in August, more than expected , to the lowest level since February 2009 , showed on Wednesday , official data .

According to the Office for National Statistics , the number of people claiming unemployment benefits fell by 32,600 to 1.40 million, is the lowest level since February 2009 . Economists had expected a drop to 21200 .

As a result, the unemployment rate in August fell to 4.2 percent from 4.3 percent in July . Economists had expected the rate will remain unchanged at 4.3 percent .

The unemployment rate in the three months to July was 7.7 percent, up 0.1 percentage points lower than in the period from February to April. Unemployment rates were slightly lower than expected 7.8 percent . Average wages excluding bonuses rose by 1 percent during May to July compared with the same period a year earlier. With bonuses revenues grew by 1.1 percent.

© 2000-2026. 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
E-mail
Up
Choose your language / location