vendredi 6 mars 2015

Forex Trading : Dollar rises strongly, such as non-farm payrolls report


Forex Trading : The dollar rose broadly against a basket of other major currencies during Friday's trading, as investors awaited nonfarm payrolls report from the United States later in the day.
It has dropped the euro / dollar to its lowest level in 11 years and a half by 0.56% Alesgel 1.0966.
And exposure to the euro under selling pressure after it was (Mario Draghi) said on Thursday that the ECB will start buying government bonds in the euro zone next Monday, under the quantitative easing program, which was adopted at the meeting of the bank last month.
And up size of the program to a total of 60 billion euros per month, the Bank plans to continue in the program until September / September 2016, or until the bank sees inflation paced fixed towards the target in the euro area level, and that the bank previously said it "is approaching, but not up to 2%. "
In addition, the European Central Bank revises its forecast for growth this year to 1.5% from the level at which announced previously reported 1.0%, the bank is expected to grow up to higher levels during the years 2016 and 2017.
Earlier in the day, official data showed that German industrial production rose 0.6% in January, beating expectations for a gain of 0.5%. The figure was revised in December by 1.0% compared to previous estimates of 0.1% rise.
The dollar was steady against the yen rose against the Swiss franc, with USD / JPY trading, to hit 120.08 and the rise of the dollar / franc by 0.30% to hit 0.9769.
In Switzerland, official data showed earlier that consumer prices fell by 0.3% last month, compared with expectations for a decline of 0.1%, after a decline of 0.4% in January / January
On an annual basis Swiss consumer prices fell 0.8% in February, surpassing expectations for a decline by 0.6%, after a decline of 0.5% in the previous month.
In other trading the British pound fell to its lowest level in a month against the dollar, with the decline, GBP / USD shedding 0.39% to trade at 1.5180.
The Australian dollar rose against the dollar with AUD / USD rising 0.27% to hit 0.7803, while NZD / USD shedding 0.33% to hit 0.7459.
At the same time, the USD / CAD shedding 0.09% to trade at 1.2476.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, was up 0.34% to hit 96.74.
During the later of the day, the US was to publish a report non-farm payrolls, as well as the unemployment rate and average income