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U.S. Dollar rises in anticipation of positive data

The expectation that the today upcoming U.S. data send a further impulse to taper the Fed's purchases can increase the dollar.

U.S. GDP expected to grow by 2.2%
The forecasts for today's U.S. GDP data expected to show a significant increase of 2.2 % for the second quarter, after 1.7 % in the first quarter , and further strengthen the USD in his positive trend.
The forecasts for the jobless claims are positive and show a, albeit slight , further decline .
Stable growth and a significant decline in unempolyment rate be called by the Fed as the most important prerequisite for a reduction of bond purchases . If the forecasts right, the probability, the Fed at its meeting on 17 and 18 September will decide tapering, rise significantly and more the question hang in the air, to what extent they will do this. It is speculated that the current total of 85 billion dollars 10 to 20 billion dollars, depending on the economic development shown by then , will be reduced monthly.

Euro under pressure
The euro recorded today against most of its counterparts partly strong losses. This is attributable to the fact that investors in the wake of the Syrian crisis and the distrust of the currencies of the emerging markets increasingly looking for a safe haven and a small risk. The euro-area shows at the moment although a recovery from the crisis , the discussion about further financial assistance to Greece and weak growth in Spain , however, show that the situation in the southern countries of the euro-area is still difficult. This results in a rather weak at the moment of investor confidence in the euro .Also, the number of unemployed not , as expected, declined by 5000, but rose by 7,000 expected to impact negatively on the rate of the euro.

USD shows strong gains
The pair EUR / USD fell to 1.3267 currently 0.54% and the lowest level so for over a week . Against the JPY , the USD rose by 0.48 % to the current date 98.10 . The USD to AUD shows a loss of 0.05% currently at 0.9836 . The CHF to USD according to current was 0.56 % , and the pair is at 0.9273 .

EUR with broad losses
In addition to the losses against the USD , the EUR has suffered losses against most other counterparts . The EUR/GBP dropped to 0.48% currently at 0.8550 . The minus against AUD is currently at 0.54% at 1.4840 and against the CAD the euro fell by 0.39% currently at 1.3934.

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The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

 

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