FX & CFD trading involves significant risk
Yesterday, during the first half of the day the dollar was under pressure against the publication of important data for Germany, which eventually allowed the euro to grow substantially, updating the Monday's high. The growth rate of the single currency has continued to publish data on the GDP of Germany, who came out better than expected, showing thus an increase of 0.3%, compared with expectations at 0.1%. Following this trend in the market began to change as market participants moved on to more important event, which led to an increase in sales of the currency. Before the release of GDP data for the Eurozone euro currency exchange rate showed a slight decline, which continued after the publication of the report. During the rest of the day the euro was unable to regain its positions. The fall continued after the United States provided data on the level of retail sales and producer price index, which eventually helped the dollar to establish a new session, at least relative to the dollar.
The pound fell against the euro after a report showed that housing prices in the UK in July fell to -24 from -22, while showing the lowest rate for the year, underscoring the weakness of the economy. Also, to reduce the influence published data on the consumer price index. It is learned that the CPI rose by 2.6% on an annualized basis, compared to 2.4% in June. At the same time, economists expect the figure will be 2.3%.
The yen weakened against 16 major currencies after reports the Bank of Japan showed that the politicians are considering the possibility of extension of incentives to support economic growth. During the day, the yen gradually declined against the dollar, and after U.S. data updated four-week high. Eventually, the couple during the day showed an increase in the bag are his work 80 points, and was able to escape from a narrow trading range, which is restrained by a pair of upward movement.
Reduced now show as the New Zealand dollar. Against the background provided a report on the level of retail sales, which came out mixed, the rate began a slight decrease, which increased dramatically after the publication of data on the U.S.. And as a result of the exchange rate was able to update Monday's low against the dollar and continue its decline even further.
Also pleased with the dynamics of trading, and the Australian dollar, which fell on the session for more than half of the figure, updating the at least Friday.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.