The dollar paired with the Euro

The U.S. dollar changed slightly against the Euro during trading on Monday, staying at the lowest rate for 10 months. Dollar “bears” again prevail in the Forex market as traders and analysts doubt that the Federal reserve (fed) this year to raise interest rates a 3rd time.

Euro to 15:40 kV 17 July was worth $hit 1.1465 against $1,1470 closing session last Friday.

The single European currency is set to the specified time stamp 128,83 yen compared to the 129,07 yen at the end of the previous trading session. The value of the dollar decreased by 0.1% to 112,39 yen.

Market participants assess the likelihood of the fed raising interest rates more than 50% just since March 2018: the weakness of inflation and the lack of promised U.S. President Donald trump reforms, according to their estimates, do further tightening of monetary policy is premature.

Meanwhile, economists surveyed by The Wall Street Journal believe that the fed will raise rates again before the end of this year .

The yuan on Monday continued to rise for the sixth consecutive session due to the positive statistics from China. Such a long rally was not observed in 2015, while the Central Bank of China set the reference rate at highest level since November.

As reported, China’s economy in the II quarter grew by 6.9% compared to the same period last year, as in the previous three months. Experts on average had expected the slowdown to 6.8%.

In addition, the growth rate of industrial production in China in June 2017 rose to 7.6% in annual terms, after rising by 6.5% in may. Analysts polled by The Wall Street Journal, the average forecasted growth rates at the same level.

Leave a comment

Confirm that you are not a bot - select a man with raised hand: