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16.10.2013 17:55

American focus : the dollar has appreciated by an agreement in the Senate

The U.S. dollar rose against most major currencies, including the yen, after Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell, the Senate announced an agreement to raise the debt limit and the end of the period of cessation of work of the government.

Reid called the agreement "historic cross-party agreement." It will fund the government through mid-January , and increases the government debt ceiling until February 7 . It also provides a mechanism for reaching an agreement on the budget for the long-term budget issues , which should be completed no later than December 13.

The agreement also includes a system to verify income individuals and families receiving subsidies using the Affordable Care Act .

The Treasury is able to use "extraordinary measures " to work in conditions close to the debt ceiling - if it will not be upgraded until February 7 . This side agreement was a key priority for the White House.

" The compromise we have made will ensure the stability of our economy , in which she so desperately needs " - said Reed.

Republican Senator Ted Cruz told reporters after the message came out of an agreement that he would not try to postpone the vote .

It is expected that the Speaker of the House John Boehner will pass a bill through the House of Representatives with a majority of Democrats . The representative Boehner said it was not yet decided in which order the bill will be conducted through the two chambers of Congress.

Previously, support for the euro had submitted data for the euro area , which showed that by the end of August trade surplus euro area has increased substantially as a modest rebound in exports outpaced import growth . However , despite the sharp increase in the surplus was slightly less than expected.

According to the report , the seasonally adjusted trade surplus rose in August to the level of 12.3 billion euros, compared with a profit in the amount of $ 11 billion in July, which was revised down from 11.1 billion euros. Add that, according to many experts the value of this index would grow to 12.4 billion euros.

Meanwhile, data showed that exports in August amounted to 157.4 billion euros, which was 1.0% more than in July , while imports amounted to 145.1 billion euros, an increase of only 0.2% compared with the previous month.

The pound rose sharply earlier against the U.S. dollar , which was associated with access to better-than -expected data on Britain.

The Office for National Statistics said that by the end of last month the number of people claiming unemployment benefits , significantly decreased , thereby exceeded the forecasts , and its lowest level since January 2009 .

According to the report , in the month of September, the number of applications for unemployment benefits fell by 41,700 , reaching 1,350,000 at the same level . It is worth noting that according to the average forecasts of experts the value of this index was reduced by 24.3 thousand also add that in September 2012 the number of applications for benefits dropped by 214,500 .

In view of the last recession level of applications for employment of unemployed fell in September to a level of 4 percent from 4.2 percent a month earlier. Add that analysts forecast the level of applications was to remain unchanged.

Meanwhile, data showed that the unemployment rate for the three-month period ( August) , calculated by the standards of the International Labour Organization , has remained constant - at around 7.7 percent, which was in line with the forecasts of experts , but less than 0.1 percentage points than the three-month period from March to May.

16.10.2013 17:23

European stocks close

Market Focus

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