The
released US economic data yesterday gave no reasons for raising interest rates
in the country. Durable goods orders and consumer sentiment did not met the market's expectations.
Capital goods orders outside the defense sector marked a decrease of 0.3% last
month, but the preliminary expectations were to remain unchanged. The data for August
were even revised to 1.6%.
Also yesterday it became clear that the index of consumer attitudes fell to
97.6 points this month, compared with 102.6 points in September, despite
expectations for an increase to 103.0.
The euro, which received a serious blow from the speech of Mario Draghi after
the ECB meeting last week, lost about 0.1% to 1.1034 dollars. But nevertheless the euro remained at the reached on
Monday 2.5-year low of 1.0989.
The yen was at a level of 120.41 against the dollar after yesterday rose to a week’s
peak of 120.16 upon the release of data on long-term contracts. On Friday will be hold the meeting of the of Japan's Central Bank and all are awaiting whether the bank will
increase the incentives for the economy.
The Australian dollar fell more than 1% to a three-week low of $ 0.7109 after the
surprisingly low inflation in the country raise expectations of rate cut by the
central bank next week. Recently the Australian dollar was trading at a level
of $ 0.7120, with a decline of nearly 1%.
The British pound has stabilized after falling to a two-month low on Tuesday upon
the released data on the growth of the UK economy that slowed more than
expected in the third quarter. The pound fell to 1.5283 dollars on Tuesday,
having retreated by 1.5 % from one-month peak of 1.5510 that was hit last
Thursday.
No comments:
Post a Comment