The Dollar Strengthened Sentiment Helped The Housing Sector
21 August 2015, 22:30
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The
exchange rate of the dollar leading to a higher level on Monday
(Tuesday morning GMT), registered a third consecutive gains against the
euro, helped by growing confidence in the U.S. housing sector.
The
greenback rose to 1,1078 dollars per euro and became 124,41 yen, later
slightly hit by data on Monday showing that Japan's economy experienced a
contraction of 0.4 percent in the second quarter.
The
dollar, which also increased to 1,5586 dollars per pound, strengthened
because of the sentiment index of the Housing Developers Association to
development US rising to the highest level since the recession ended in
2009.
In
addition a separate data, the Empire State Manufacturing Survey,
covering business in the territory of the State of New York, showed
improvement in the medium-term expectations for the economy even if
viewed current conditions down.
"With
Europe is basically flat and Asia are now experiencing negative growth
year after year, the us remains the only region in the world that shows
growth at all," said Boris Schlossberg of BK Asset Management.
The
Chinese Yuan remains in patterns persist around 6,3949 per dollar,
almost unchanged from Thursday, after a surprise devaluation on August
10, and the Chinese central bank's announcement that it is loosening
control over the range of currency trading. https://www.mql5.com/en/signals/120434
