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Main » 2015 » December » 2 » Greenback fell in trading forex
Greenback fell in trading forex

States currency in yesterday's trading showed a negative trend against the background of the release of data ISM, which came below forecasts and exacerbated concerns about the US economy.



The dollar index Street Journal Wall, shows the value of the dollar against a basket of 16 currencies, was down 0.5% to $ 90.45. 

Euro to the greenbacks in the euro / dollar was trading up 0.6% at 1.0630.

In the first to the end of 2012 according to the Institute for Supply Management (ISM), there was a reduction of activity in the manufacturing sector. 

Market participants in the majority predict the Fed rate hike at the December meeting for the first time since 2006. Although analysts say that, given the uneven growth of the US economy, further rate increases will occur gradually. It is said that the high rates favorably influence the US currency, as do greenback attractive to investors.

In the manufacturing sector, unfavorable situation will probably stimulate the US central bank to limit the growth of the dollar, which is at its peak level in 13 years. A strong dollar is hurting exporters, because it makes US-made goods less competitive in other countries.

A source

According to the materials WELTRADE


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