Forex News and analyses

Germany with a record budget surplus of 23.7 billion euro 2016

24 febrero 2017

The largest economy in the euro-zone has reached a record budget surplus in 2016, which equals 0.8 percent of its gross domestic product. The surplus last year was the biggest of reunification of East and West Germany in 1990 for the third consecutive year, the budget of the country is a plus.

On Thursday, the dollar slid 0.2 percent against a basket of currencies, such as EUR / USD closed with an increase of 24 pips at a level of 1.0581 dollars per euro.

US data showed a rise in applications for unemployment benefits, and orders increased by 6 thousand to 244 thousand during the week ended February 18. Last week's 103th consecutive in which applications are under 300 thousand, which indicates a healthy labor market.

GBP / USD record growth of +0.86%, and closed at 1.2554 dollars per pound, or an increase of 108 pips against its previous closing.

The yen rose against the dollar and reached 112.55 and closed at 112.61 recording a daily decline of 68 pips.

Gold rose 12.20 dollars reaching 1249.30, as it helped the statement of Finance Minister Steven Manuchin United States, who said he wants to see "meaningful" tax reform to be passed before the break Congress in August.