Wear the dollar since the 14-month high against a basket of currencies and the Australian dollar fell on Thursday as investors booked profits after the Chinese economic data did not provide any great surprise. Although the GDP in China rose to 8.9 percent in the third quarter, the news in line with market expectations and gave traders a reason to take profits and the high Australian dollar currency.
"I think there are hopes that the figures may come in soon, but it was largely in line with expectations," said Masafumi Yamamoto, director of strategic foreign exchange for Japan at Barclays Capital. Chinese, but the data is unlikely to change the trend of the weak dollar and strong growth, and the currencies of the relevant goods, said market participants.
"There are not any factors that change the scenario of the global recovery," said Yamamoto at Barclays Capital, adding that the bank is forecasting the Australian dollar will rise to parity against the dollar.
The dollar index, which measures the value of the dollar against six major currencies, rose 0.3 percent to 75,201. DXY. He hit 14-month low of 74,940 on Wednesday.
The Australian dollar fell 0.2 percent to 0,9253 $ = D4 Office of the Inspector General, and the decline in 14 months with a high of 0.9330 dollars on Wednesday and New Zealand dollar fell to 0,5% = $ 0.7536 NZD D4, set Wednesday, 15-month high 0.7635 dollars.
China and Australia's largest trading partner and strong demand for Chinese products has helped the country to avoid a recession.
The euro was down 0.1 percent at 1.5000 euros =, but the players in the market that the euro seems to earn more after the jump with a 14-month high of $ 1.5047 hit on trading platform tracks in the previous day.
"This can not be helped," said Akira Hoshino, Director-General of the Bank of Tokyo-Mitsubishi UFJ, foreign exchange and the Ministry of Commerce.
"Crude oil prices rose above $ 80. Emerging market currencies are strong and central banks in these countries is likely to intervene and the euro is likely to be bought because of the redistribution of assets," said Hoshino.
But what if the Euro will lead to a record high of 1.6040 dollars in July of last year, is another matter, "said Hoshino.
Euro water can stand in front of, and perhaps $ 1.53 and $ 1.55, adding that the strength of the euro could negatively affect the economic fundamentals in the euro area, and can delay the time to get out of the policy measures taken to address the financial crisis.
Sterling rose 0,1% higher at $ 1.6612 GBP = D4.
Is assembled in minutes on Wednesday after a meeting of the Bank of England officials have suggested were not prepared to extend a state of emergency purchase of assets and the "differences of opinion" of inflation. Analysts said made the difference in interest rates once again in focus as investors awaited the Federal Reserve in the United States lags behind other major central banks to raise prices.
Richard Grace, chief currency strategist at Commonwealth Bank of Australia, said the Fed (U.S. central bank suggested that pricing pressure has been very modest in the United States, thus enhancing the event that rates will remain low.
For more information on the book, Page, click Number: nWEQ003508].
"The United States is not satisfactory and yields clearly deflationary pressures are still there," said a blessing. "All of this means that the dollar will continue to head lower."
Managed to claw the dollar higher against the yen low to obtain an increase of 0.1 percent to 91.12 yen ¥ =.
Events in later on Thursday to include the United States for the first time claims for jobless benefits in the week ending September October 17, and leading economic indicators in the August house price index from the Federal Agency for housing finance.
"I think there are hopes that the figures may come in soon, but it was largely in line with expectations," said Masafumi Yamamoto, director of strategic foreign exchange for Japan at Barclays Capital. Chinese, but the data is unlikely to change the trend of the weak dollar and strong growth, and the currencies of the relevant goods, said market participants.
"There are not any factors that change the scenario of the global recovery," said Yamamoto at Barclays Capital, adding that the bank is forecasting the Australian dollar will rise to parity against the dollar.
The dollar index, which measures the value of the dollar against six major currencies, rose 0.3 percent to 75,201. DXY. He hit 14-month low of 74,940 on Wednesday.
The Australian dollar fell 0.2 percent to 0,9253 $ = D4 Office of the Inspector General, and the decline in 14 months with a high of 0.9330 dollars on Wednesday and New Zealand dollar fell to 0,5% = $ 0.7536 NZD D4, set Wednesday, 15-month high 0.7635 dollars.
China and Australia's largest trading partner and strong demand for Chinese products has helped the country to avoid a recession.
The euro was down 0.1 percent at 1.5000 euros =, but the players in the market that the euro seems to earn more after the jump with a 14-month high of $ 1.5047 hit on trading platform tracks in the previous day.
"This can not be helped," said Akira Hoshino, Director-General of the Bank of Tokyo-Mitsubishi UFJ, foreign exchange and the Ministry of Commerce.
"Crude oil prices rose above $ 80. Emerging market currencies are strong and central banks in these countries is likely to intervene and the euro is likely to be bought because of the redistribution of assets," said Hoshino.
But what if the Euro will lead to a record high of 1.6040 dollars in July of last year, is another matter, "said Hoshino.
Euro water can stand in front of, and perhaps $ 1.53 and $ 1.55, adding that the strength of the euro could negatively affect the economic fundamentals in the euro area, and can delay the time to get out of the policy measures taken to address the financial crisis.
Sterling rose 0,1% higher at $ 1.6612 GBP = D4.
Is assembled in minutes on Wednesday after a meeting of the Bank of England officials have suggested were not prepared to extend a state of emergency purchase of assets and the "differences of opinion" of inflation. Analysts said made the difference in interest rates once again in focus as investors awaited the Federal Reserve in the United States lags behind other major central banks to raise prices.
Richard Grace, chief currency strategist at Commonwealth Bank of Australia, said the Fed (U.S. central bank suggested that pricing pressure has been very modest in the United States, thus enhancing the event that rates will remain low.
For more information on the book, Page, click Number: nWEQ003508].
"The United States is not satisfactory and yields clearly deflationary pressures are still there," said a blessing. "All of this means that the dollar will continue to head lower."
Managed to claw the dollar higher against the yen low to obtain an increase of 0.1 percent to 91.12 yen ¥ =.
Events in later on Thursday to include the United States for the first time claims for jobless benefits in the week ending September October 17, and leading economic indicators in the August house price index from the Federal Agency for housing finance.
No comments:
Post a Comment