On Wednesday, the US dollar
recorded a second consecutive positive trading session against most of its
major rivals after the US Federal Reserve announced that will keep the interest rates unchanged at a
level between 0 and 0.25%.
However, it became clear
that it’s not ruled out the institution to take action on the increase in
interest rates at the end of the year in the event that the labour market
continue to open new jobs at the same pace as marks of recent months.
Unemployment in June declined to lowest levels since 2008.
Market participants will be
watching with great interest whether the data on gross domestic product of the
United States in the second quarter of the year, scheduled for publication on
Thursday will confirm that the economy has recovered from recession.
US economic data had a
positive impact on the US dollar, although the results were announced, lower
than the forecast of analysts expectations. Pending sales of existing homes in
June decreased by 1.8% at an estimated expectations of 1% growth.
The dollar index recorder an increase of 0.39% to the level of 97.08.
Consequently, the currency
pair EUR / USD was trading at the end of the day with a variation of 75 pips,
falling from 1.1058 to 1.0983.
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