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    Home » 2016 » May » 24 » The dollar will continue to rise ahead of housing data
    11:56 PM
    The dollar will continue to rise ahead of housing data

    The dollar continued to rise broadly against major currencies during Tuesday's trading, with continued expectations for higher interest rate for the month of June to the Federal Reserve, which boosted demand for the dollar, as investors awaited the release of US reports on new home sales during the later in the day.

    It has USD / JPY up 0.46% to 109.74.

    The yen fell after Japanese Finance Minister Taro Aso said on Tuesday he must be very careful in discussing interest rates in particular.
    The comments came after earlier reports that it would be good if the dollar-yen pair settled around 109 yen.

    And continued demand for the dollar supported by comments Fed officials which indicated that interest rates may rise in the coming months.

    The head of the Federal Reserve Bank of St. Louis James Bullard on Monday that more factors supporting the gradual increase in exchange rate fixed to keep them.

    Separately, Fed Chairman said in San Francisco John Williams, he still felt that the central bank may raise interest rates two to three times this year.

    The comments came after last week's meeting minutes for the month of April, which fueled expectations for a rate hike as soon as next month.

    EUR / USD shedding 0.44% to hit its lowest level in two months at 1.1171.

    The euro fell after it said ZEW Centre for Economic Research said that the ZEW index of German economic sentiment to a 6.4 reading in April / May from 11.2.

    Economists had expected the index registered 12.0.

    Another report showed that Germany's economy grew by 0.7% in the first quarter, thanks to strong private consumption and increased investment in the construction field.

    And decline in the ZEW index of German economic sentiment to 16.8 in May from 21.5 in the previous month, while expectations were watching 23.4.

    The dollar fell against the pound, with GBP / USD shedding 0.83% to hit 1.4604, and rose against the Swiss franc, with USD / CHF rising 0.25% to hit 0.9920.

    Sterling rose after it showed the latest poll published by the Telegraph newspaper on Tuesday that the vote campaign to stay has surpassed 13 points on a "campaign of departure.

    The total support for staying in the EU 55%, while the support to get out ratio of 42%.

    And on Monday, British Prime Minister David Cameron said that Britain out of the EU would be tantamount to self-destruction of the economy, where he will report to the ministry warns of a recession, warned in a sharp drop in the pound for the loss of half a million jobs.

    According to Office for National Statistics said public sector net borrowing record 72 billion pounds in April, down 4.4% from the previous year.

    Economists had expected the deficit to record 6.6 billion pounds.

    He said the national statistics office said it was revising the budget deficit last year to reach 76 billion more than 2 billion pounds and from previous estimates.

    The decline in Australian and New Zealand Dollars against the dollar with the Australian Undo / USD 0.90% to trade at 0.7159 With the decline in NZD / USD shedding 0.52% to hit 0.6729.

    Meanwhile, the USD / CAD has stabilized to trade at 1.3143 after hitting a six-week low of 1.3187 scored earlier in the session.

    The goods had been associated with Enda under selling pressure after a continued decline in crude oil prices on Tuesday, amid fresh concerns about the global supply glut.

    The dollar index, which tracks the performance of the dollar against a basket of six major currencies, was up 0.22% to hit 95.44, its highest level since March 29 / March

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