20 години печелим заедно
The US dollar continues its series on the rise, as for a consecutive day it was the strongest of the major currencies. Only his Australian namesake managed to take value away.
The strongest impetus for the development of market dynamics proved to be the presentation of the 6-month report on the monetary policy of the Federal Reserve before the US Senate. So far the dollar has taken losses by all the major currencies.
Fed Chairman Janet Yellen said it is likely the central bank to increase interest rates at one of the upcoming meetings. However, it expressed caution regarding the significant uncertainty created by the administration of President Trump’s economic policy. Since the crisis began in September 2007 until now the interest rates were increased twice - in December 2015 and December 2016 The dollar index, which measures the relative strength of the dollar against six major currencies, reached 3.5 week high.
EUR / USD closed at 1.0577 a decrease of 0.20%. The British pound registered a more pronounced loss - -0.50% and almost identical result was achieved by the Japanese yen - -0.44%.
The victory against the New Zealand dollar and Canadian namesake was minimal - only + 5 pips. It should consider the fact that the dollar was the losing side for over 2/3 of the day and only after the statement of Yellen managed to achieve growth.
The good performance of the Australian dollar was mainly due to positive data on China - higher than forecast growth in consumer and producer prices. China is a major trading partner of Australia and therefore economic data about it seriously affect the economic and financial situation of Australia.
Gold closed at 1228.35, adding $ 3 to its value. Its performance during the day was relatively stable, exclusive to the statement by Janet Yellen, when it lost briefly about 8 dollars..