The euro fell against the dollar on Friday, suffering more than the greenback a renewed optimism in the financial markets, especially favorable to riskier assets, while remaining within the scope of the Central Bank about European (ECB).
By 1900 GMT (8:00 p.m. in Paris), the euro was worth 1.0795 dollars, against 1.0878 dollars on Thursday at 2200 GMT.
The single currency European rose slightly against the Japanese currency to 128.21 yen against 127.99 yen Thursday.
The dollar frankly progressed against the Japanese currency to 118.77 yen against 117.66 yen the day before.
“The dollar strengthened yesterday (…) such as stock exchanges and commodity markets reinforce worldwide,” summed Omer Esiner of Commonwealth Foreign Exchange .
Helped by a course startle oil recently fell to their lowest level since 2003, world stock markets sharply rise Friday from Tokyo to Wall Street, through the major European markets.
“These developments support the dollar as a stabilization of global markets increases the likelihood of another rate hike from the Federal Reserve (Fed) this year,” said Mr. Esiner.
The Fed has raised rates in December for the first time in nearly a decade, but they remain at a low level while their increase would tend to increase interest in the dollar.
Conversely, euro suffers Friday that “Mario Draghi, ECB president, took the course of the day traders clearly hinting that rates could even be lowered in the euro area and that its asset purchases could be accelerated “noted Mr. Esiner.
The institution of Frankfurt, including the president’s have also played a role in strengthening global stock markets, already leads to an unfavorable policy in the single currency making € 60 billion of asset purchases per month, to boost inflation and support the economy.
Another institution whose attitude contrasts with the tightening initiated by the Fed, the Bank Japan (BoJ) could discuss new stimulus measures, a priori unfavorable to the yen at its meeting next week, according to Japanese media.
“Traders believe that the recent market unrest Global increase the possibility of further asset purchases by the BoJ, “commented Mr. Esiner.
Some observers still tinged optimism on the dollar, noting that if it strengthens face values shelters such as the yen or refinancing currencies like the euro, it is set back facing the most dependent on commodity currencies.
“We are rather skeptical about the recent attempt to rebound dollar, “warned Christopher Vecchio, DailyFX, judging particularly” hard to ignore the behavior of the exchange rate US dollar / Canadian dollar. “
The dollar weakened sharply against its Canadian counterpart at 1.4142 Canadian dollars per US dollar, which attempts to recover after falling to its lowest levels since the early 2000s and enjoys particularly good figures on retail sales in the country.
“The Canadian dollar is a barometer of the US dollar, as Canada is the world’s destination for exports of US products,” said Mr. Vecchio. “It is time to pay attention to Canadian dollar exchange rates, particularly with the stabilization of oil markets.”
By 1900 GMT, the British pound rose sharply against the European currency at 75.50 pence per euro, and a little less frankly against the greenback at 1.4298 dollar for a book.
The Swiss franc fell slightly against the euro, 1.0971 francs to the euro and, more significantly, against the greenback at 1.0164 francs to the dollar.
The Chinese currency finished slightly higher against the greenback, 6, 5788 yuan against one dollar for 6.5800 yuan at the close of trading on Thursday.
The ounce of gold finished at 1096.25 dollars at the evening auction, cons 1096.50 dollars Thursday.
Thursday Course Friday Course
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1900 GMT 2200 GMT
EUR / USD 1.0795 1.0878 EUR / JPY 128.21 127.99 EUR / CHF 1.0971 1.0955 EUR / GBP 0.7550 0.7651 USD / JPY 118.77 117.66 USD / CHF 1.0164 1.0071 GBP / USD 1.4298 1.4217
01/22/2016 20:32: 26 – New York, January 22, 2016 (AFP) – AFP © 2016
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