|

The dollar fell against the Euro by expectations about inflation in the United States

US dollar depreciates against the Euro in anticipation of data on U.S. inflation, the value of the dollar against the yen fell during trading to its lowest level in 15 months.

Cautious investors amid increased volatility in the financial markets supported the yen, which is considered the currency “quiet Harbor”, the analyst United Overseas Bank in Singapore Heng kun HOU.

Statistical data from Japan, published on Wednesday, pointed to slowing growth in Japan’s GDP in the fourth quarter of 2017. However, the Japanese economy in October-December 2017 rose at the end of the eighth quarter in a row, which is the longest period of sustained growth of GDP since the late 80-ies.

According to preliminary data released by the Cabinet of Ministers of Japan on Wednesday, the GDP volume in the fourth quarter of last year has grown on 0,5% in annual terms and by 0.1% compared with the previous quarter. Third-quarter growth was respectively 2.2% and 0.6% .

Despite the slowdown in growth at the end of last year, statistical data in General indicate that the policies pursued by Japanese Prime Minister Shinzo Abe, provides a stable economic recovery, writes MarketWatch. At the same time the longest continuous GDP growth in 28 years raises the question of how appropriate it is Hyper-easy monetary policy Japan’s Central Bank, economists say.

The dollar/yen according to 9:15 kV trading at 107,2 yen compared to 107,82 yen at the close of the previous session.

In the course of trading the dollar fell to 107,01 yen – the lowest level since November of 2016.

The Euro the yen fell to 132,66 133,18 yen against the yen the day before.

The value of the Euro against the dollar rose to $1,2376 compared to $1,2352 at the end of the previous session.

Leave a comment

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