FX & CFD trading involves significant risk
The dollar strengthened against several major currencies after the U.S. session for information on new talks between President Obama and leading members of Congress revived the hopes of reaching a compromise . It was learned that President Barack Obama will meet with congressional leaders . The meeting is scheduled for Monday with leaders of both parties , according to the White House : Senate Majority Leader Reid , Senate Minority Leader McConnell , Speaker of the House Boehner and Minority Leader Pelosi's House of Representatives .
"Given that only a few days left before the government runs out of borrowing capacity , the president makes clear the need to act for the payment of expenses and the resumption of activities of the government ," - said the representative .
The euro exchange rate against the dollar earlier rose , helped by the published data on industrial production in the eurozone. The report showed that the seasonally adjusted August industrial output increased by 1 percent , thus offsetting the decline in the level of 1 percent, which was recorded in July. It is worth noting that many economists had forecast a modest rise in August, and it was at 0.8 percent, compared with a fall of 1.5 percent, which was originally reported last month . We also recall that in June , industrial production increased by 0.7 percent. Meanwhile, it was reported that the production of capital goods increased by 2.4 percent, while the production of intermediate goods increased by 0.9 percent. We also add that the volume of consumer goods were up 0.8 percent compared to July , and the output from the energy sector increased by 0.4 percent.
We also add that the pressure on the U.S. currency is inconclusive talks between President Barack Obama and Republicans in the Senate. On Friday, the Republican members of the House of Representatives of the United States appealed to President Barack Obama to offer " short-term " to raise the U.S. debt ceiling and pass a budget for 2014 in exchange for a reduction in government spending. But the White House rejected the project.
The pound strengthened against the U.S. currency , as many market participants are waiting for release of an important report on the UK this week. Note that the most anticipated event will be the publication of the report on the unemployment rate . Experts estimate the value of this indicator will remain unchanged - at 7.7 percent.
|remaining time till the new event being published|
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.