The dollar becomes more expensive against the Euro, yen and pound on Thursday, the market is waiting for signals from Washington

The U.S. dollar becomes more expensive against the Euro and the yen in trading on Thursday.

ICE dollar index, which tracks the dollar against a basket of six major currencies, rose during the session 0.2 percent.

The Euro-dollar exchange rate fell during trading to $1,1790 compared to $1,1796.

The increase in demand for dollars by European banks at the end of the year, putting pressure on the Euro, and this trend may persist until the end of 2017, experts say Commerzbank.

The value of the Euro against the dollar fell 1.5% from November 27, and this, according to head of foreign exchange strategy at Commerzbank Ulrich Leichtman, at least partly due to the destabilization of the interbank lending market, which in recent years has become increasingly common situation .

“If this view is correct, we should expect a weakening of the Euro against the dollar by the end of this year and you can count on the recovery of the European currency from the beginning of next year – the same situation was observed in late 2016-early 2017” – quoted by W. Leichtman the newspaper Financial Times.

The demand of European banks on dollar funding increases at the end of the year, because they need to bring the balances in line with regulatory requirements, says W. Leichtman.

Traders are sent signals about the course of tax reform in the United States. On the agenda also is the issue of raising the U.S. debt limit and funding the government after December 8.

In addition, the market is waiting for November’s data on unemployment in the USA, which will be published on Friday at 16:30 GMT. Experts polled by MarketWatch on average expect an increase in the number of jobs in the US last month for 200 thousand and an increase in the average hourly wage of 0.3%.

Data analysis company ADP, released Wednesday, pointed to the growing number of jobs in the US private sector 190 thousand last month.

The dollar/yen on Thursday traded at 112,73 yen compared to 112,29 yen at the close of the previous session. The Euro against the yen rose to 132,91 132,45 yen against the yen the day before.

The pound sterling fell in the course of trading to $1,3381 compared to $1,3393 the day before.

Traders continue to monitor the progress of the negotiations on the terms Brexit, assessing the chances that Britain and the EU could agree on the remaining issues – the fate of the Irish border on Friday, established the chief negotiator from the EU Brexit Michel Barnier as the deadline for completion of the first phase of the negotiations.

The press-Secretary of the European Commission, Margaritis Shinas on Thursday said that “white smoke” in the negotiations have not yet seen.

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