Wednesday, November 9, 2016

The euro down against the dollar digesting the victory of Donald Trump – Le Figaro

Around 17: 00 GMT (18: 00 in Paris), the euro was worth 1,0944 dollar against 1,1020 dollar on Tuesday around 22: 00 GMT.

The european currency declined in the face of the currency of the japanese, 114,65 yen against 115,86 yen on Tuesday evening.

The dollar also lost ground against the yen, 104,76 yen against 105,14 yen Tuesday.

“The markets spend in addition to Trump,” observed Nicolas Chéron, an analyst at CMC Markets.

The first results showing a possible victory of Donald Trump on the democrat Hillary Clinton around 05: 00 and GMT caused a downward spiral in the greenback. He fell to 05H05 GMT at 1,1300 dollar for one euro, its lowest in two months, as well as to 05H10 GMT to 101,20 yen for a dollar, the lowest in five weeks, and 0,9550 swiss franc for a dollar, its lowest level since mid-August.

as Donald Trump approached the White House, there has been “a bloodbath on the markets” because “seen as they evolved these last few days, and as they were positioned before the vote, one would have thought that a victory by Hillary Clinton would be a formality”, despite the scandal of the emails, and the rise of vote anti-establishment in the world, reported Craig Erlam, analyst at Oanda.

But the dollar began to recover with the confirmation of her victory and as the bond yield us 10-year rose.

“For the moment, we believe that bond returns higher represent some optimism about the economic outlook of the United States, potentially because the republicans have control of the Senate,” noted Kathleen Brooks, an analyst at City Index.

The rise in yields has led to the dollar in their wake, explained the analyst.

The slight renewed optimism of traders was also fuelled by the fact that the probability of an interest rate increase by the u.s. federal Reserve (Fed) in December remained high, despite political and economic uncertainties related to the election of Mr. Trump.

The major currencies had already cleared a large part of their gains against the dollar after the first speech, judged by some analysts, simple and well-balanced of Mr Trump since the announcement of his victory.

LikeTweet

No comments:

Post a Comment