Market news
30.12.2013, 19:20

American focus : the euro has grown significantly against the U.S. currency

The euro exchange rate against the dollar has grown significantly in terms of a thin market , as well as comments on the background Draghi, who in an interview with Der Spiegel said that there is no need to further reduce the basic interest rate .

According to the newspaper , according to M.Dragi , crisis is not over , but there are many encouraging signals. ECB lowered its key interest rate by 0.25 percentage points - to a record low of 0.25 % per annum , stating concerns about an "extended period " of low inflation in the eurozone.

Draghi said that he sees no signals deflation , adding that the situation in the euro zone is different from the situation in Japan . Among the positive signals for the European economy - economic growth in some countries , the reduction of trade imbalances between countries in the region , as well as the reduction of budget deficits , said M.Dragi .

Meanwhile, add the pressure on the dollar was the U.S. data , which showed that the indicator upcoming home sales rose in November after months of decline. This is a new sign that the housing market recovery is regaining some of the momentum he lost in the middle of this year.

National Association of Realtors reported that its index of pending sales of existing homes at a seasonally adjusted rose 0.2 % in November compared with the previous month to 101.7 . It was the first increase since May, when the index reached the six year high. Economists had forecast an increase in the monthly measurement of 1.1%.

Pound rose against the dollar , which was associated with the release of positive data on Britain and publication of weak U.S. macroeconomic data . Recall that the report from Hometrack showed that the average asking price for homes in the UK rose by 0.5 percent in December compared with the previous month , after rising 0.5 percent in November .

In terms of regions , housing prices rose by 0.1 per cent in Yorkshire and Humberside and the north- west, rose by 0.2 per cent in Wales, 0.3 per cent in the West Midlands and the Southwest, 0.5 percent in East Anglia , at 0.7 per cent in the south- east and 1.0 percent in London.

Housing prices have not changed in the East Midlands and the north-east .

In annual terms, house prices rose by 4.4 percent after increasing 3.8 percent in the previous month .

Housing prices in London rose 9.1 percent year on year , while prices in the southeast rose 5.0 percent and prices for north lost 0.5 percent.

The Swiss franc rose against the U.S. dollar , which helped data which showed that the current account surplus of Switzerland in the third quarter increased compared with the same period last year , data released by the Swiss National Bank.

The current account surplus rose to 19.7 billion Swiss francs to 13.7 billion Swiss francs in the same period a year ago. In the second quarter , the current account surplus amounted to 20.2 billion Swiss francs.

Merchandise trade surplus of 4.9 billion Swiss francs, compared to 3.6 billion Swiss francs last year. Trade surplus in services was formed 9.1 billion Swiss francs, which was more than 8.9 billion Swiss francs last year.

© 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.

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
Live Chat E-mail
Up
Choose your language / location