Sunday, January 21, 2018

USD index remained under pressure, despite the benefits of data

USD index remained under pressure, despite the benefits of data

On Thursday, the dollar remains at two-week lows against the other major currencies despite positive US data on benefits, the next day after the Federal Reserve left interest rates unchanged and pointed to a further increase this year.

USD index, which tracks the greenback against a trade-weighted basket of six major rivals, was down 0.45% to 95.03, the lowest level since September 12.

The US Labor Department reported Thursday that the number of applicants for the grant of unemployment in the US last week unexpectedly fell to a two-month low.

The number of initial applications for unemployment benefits for the week ended Sept. 17 fell by 8,000 to 252,000 from 260,000 the previous week, which was the lowest since July.

The indicator remains on the territory, which is associated with a tendency to strengthen the labor market.

On Wednesday, the US central bank left interest rates unchanged, but said that the reason for its rise was more referring to the improvement in the labor market.

The euro firmed, with EUR / USD gained 0.51% to 1.1246.

The dollar rose against the yen, couple USD / JPY increased by 0.25% to 100.56.

On Wednesday, the yen strengthened at the expense of the opinion that the latest changes in the Bank of Japan policy is not enough to stimulate the growth of inflation.

The Bank of Japan refrained from lowering interest rates further in the negative values ​​and to expand its asset purchase program, but instead switched to targeting the yield on 10-year government bonds at their current level near zero in order to achieve the desired level of inflation.

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