الخميس، 9 أغسطس 2012

Dollar rises against major counterparts on pending the decision of the Central Bank

Forex pros-USD rises against most major currencies Thursday, after European Central Bank cuts growth forecast, with sentiment supported by the Center remained the renewed hopes for new stimulus measures by global central banks.

During the European morning trading, the dollar rose against the euro, with the euro/dollar fell by 0.23% to deliberate upon 1.2334.

The euro came under pressure after European Central Bank could report monthly forecast contraction of 0.2% to 0.3% in 2012, but noted the growth of 0.6% in 2013, and 1.4% in 2014.

Market sentiment remained supported by enhanced baalamal that the ECB will reduce the height of the Spanish and Italian borrowing costs next month.

The dollar remained stable against the pound, with GBP/USD fell by 0.04 ٪ليسجل 1.5650.

Official data showed that the trade deficit in the United Kingdom had expanded more than expected in June, reaching one billion pound deficit 10.1 billion from 8.4 billion pounds the previous month.

Analysts expect the trade deficit to widen in the United Kingdom to 8.6 billion pounds in June.

Elsewhere, the dollar rose against the yen and the Swiss franc, with rising USD/JPY rate 0.06% to score high and 78.47 USD/CHF rose 0.26% of traded at 0.9739.

At its last meeting of the policy-making Central Bank left the amount of the purchase of assets when Japanese 45 trillion yen and its lending at 25 trillion yen. And the Bank also left interest rates close to zero, in a move that was widely expected.

Commenting on these decisions, said Central Bank Governor Masaaki Shirakawa of Japan had not forced the Council to make incentives unless the rising value of the yen.

The dollar remained stable, up against the Australian and Canadian counterparts and New Zealand, with a higher Canadian dollar/0.06% to 0.9949, the Australian dollar slipped 0.01% to score New Zealand slipped and 1.0567/USD 0.34% of traded at 0.8119.

Official data showed that the change in jobs in New Zealand dropped unexpectedly in the second quarter, by 0.1% after rising by 0.4% in the previous quarter.

And New Zealand's unemployment rate rose unexpectedly to 6.8%.

In Australia, official data showed that the economy added 14,000 jobs in July, while expectations increased after decrease 28300 10200 in the previous month.

The report also showed that Australia's unemployment rate unexpectedly fell to 5.2%.

In addition, export-related currency remained supported after data showed consumer inflation in China dropped to the lowest level in 30 months in July, adding to speculation that the country's Central Bank had carried out more cash.

The dollar index, which measures the greenback's performance against a basket of six other major currencies, up 0.15% 84.41 to score.

Later in the day, the United States will release official data on trade balance and initial unemployment claims.

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