Market news
31.10.2013, 07:20

Asian session: The dollar rose


The dollar rose for a fourth day against the euro before U.S. data forecast to show jobless claims decreased. First-time applications for jobless benefits probably decreased to 338,000 in the week ended Oct. 26 from 350,000 the previous week, according to the median estimate of economists surveyed by Bloomberg News ahead of the data today.

The greenback was still set for monthly declines against most major peers as concern the partial U.S. government shutdown will affect the economy underpins a Federal Reserve decision to keep buying $85 billion of bonds a month.

The BOJ maintained a pledge to expand monetary base by 60 trillion to 70 trillion yen ($71 billion) a year.

In New Zealand, the central bank left the official cash rate unchanged at a record-low 2.5 percent today, in line with economists’ estimates. Sustained strength in the kiwi holding inflation in check gives the bank “greater flexibility as to the timing and magnitude of future increases” in interest rates, Reserve Bank of New Zealand Governor Graeme Wheeler said in a statement released in Wellington today.


EUR / USD: during the Asian session the pair fell to $ 1.3685

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6005-40

USD / JPY: during the Asian session the pair fell to Y98.25


Nationwide house price data at 0700GMT the early domestic interest, though Germany retail sales at same time could overshadow. US weekly claims into the afternoon and the Chicago Report the afternoon focus, along with end month fixings which are expected to prompt dollar sales.



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