The US dollar could expand its strong position after the data released today to the US economy continued and shows a positive development.
Speculation about interest rate hike gives the US dollar continued buoyancy
After the Fed Chair Janet Yellen had procured new speculation about an increase in interest rates by the Fed on last Friday, also the figures released today in the US economy contributed to help the US dollar continued to strengthen. The most important factor were the figures on the pending home sales. The forecasts expected here an decrease from 1.2 percent to 0.4 percent, but the actual increase of 3.1 percent exceeded all expectations. The development of private income slightly exceeded analysts' expectations by 0.1 percent. As a result, the USD could significantly increase in nearly all pairings.
Euro further on weak level
The figures released from the euro zone corresponded largely the forecasts, but investors are stil ancertain about the development in the euro area. Not least because of disputes about needed reforms in Greece, doubts about an early recovery in the value of the euro still exists. Nevertheless, the European currency was able to record growth in today's trading against the japanese Yen 0.15% and the Australian Dollar 0.68%.
Currently, the pair EUR/USD shows a loss of 0.71% at 1.0812 USD, and the GBP/USD falls to 0.64% at 1.4796 USD. The strongest growth the USD today reported against the Australian dollar. The pair AUD/USD falls to 1.43% currently at 0,7644 USD.
