USD higher in late trading, EUR is further weak
The U.S. dollar could extend its bullish trend before the long weekend in the USA , the EUR , however, declined in most pairs . The Japanese yen may benefit from the skepticism of emerging markets.
USD continues its upward trend
The U.S. dollar continued to expand its strength given on its most-traded counterparts at the end of the trading week on. He was supported both by a weak euro and the ongoing uncertainty about the conflict in Syria. Even the weak data at 08:30 h the core PCE price index, the private spending and personal incomes in the U.S., which remained at 0.1 % , and 0.2%, below forecasts , could not stop the trend. The published at 09:45 h and 09:55 h data for the Chicago PMI and the Michigan Consumer Sentiment Index showed a positive trend. Overall, the data were sufficient to continue with the expectation of a reduction of bond purchases by the Fed in September and to give a further boost to the USD.
The pair EUR/USD fell by another 0.28% currently at 1.3203 and is trzing to break back under the 1.3200 mark. The pound was the USD to date to 0.19% and the GBP/USD is at 1.5475. The Australian dollar fell against the USD after again, after he had re- recorded a slight increase in early trading. Currently the pair AUD/USD shows a decline of 0.31% at a rate of 0.8901.
Euro after data weaker
Today was for the euro area, a whole series data published for different countries and the entire euro area. The overall picture can be described as mixed. Thus, various data were just above the forecasts, but still showed a negative value. Also the Jobless for the entire euro area is still at 12.1% remained at a high level. The consumption price index remained 0.1% below the already expected minus back yet. Then there are the unsolved problems in the southern countries of the euro zone as the open question about a financial assistance to Greece.
In addition to the U.S. dollar, the euro suffered against most of its major counterparts losses. The pair EUR/GBP verzeichet currently a loss of 0.11% at 0.8530 and against the JPY a decline of 0.39% currently at 1.2964. The CAD, which benefit from the positive outlook in the U.S., Canada 's main trading partner, appreciated against the EUR at current 0.32% at 1.3908.
An increase the EUR showed against the NZD. The pair EUR/NZD shows a gain of 0.28% at a rate of 1.7087.
JPY benefited from distrust to emerging markets
The Japanese yen was able to benefit from the growing distrust of investors against various emerging markets today. The investors give the yen lower risk and a Safe Haven is ascribed role. The yen continued to expand its course during the day against most of its counterparts .
The JPY was up today against an otherwise strong current USD to 0.17% and currently stands at 98.18. Against the GBP it currently increase by 0.34% at 151.96 and against the AUD 0.54% at 87.34. The biggest increase among the most-traded counterparts shows the JPY to NZD at 0.71 % and a price of 75.86.
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