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Forex · News · Forex ForecastsNEWS / Forex Forecasts |
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Geo-political instability is the reason of dollar weakening…Brief review of the market.
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08:07 05/18/2004
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Geo-political instability is the reason of dollar weakening…Brief review of the market.
Brief review of the market.
The rate of the dollar stabilized a bit at the American session after having fallen as a result of geo-political instability and lower than forecasted Friday data on the U.S.
However, tensions in Iraq and news about militant acts in Istanbul still negatively affect the rate of the dollar.
Today’s U.S. data also has a negative impact on the American currency.
New York Fed business survey for May equaled 30,2, whereas forecasted 35,0.
The previous value was revised from 36.1 to 34.0.
On Monday, the U.S. Treasury reported that pure inflow of foreign capital in the U.S. reduced on 78.6 billion dollars in March compared to 83.3 billion dollars in February.
The Ministry of economy, trade and industry of Japan reported that industrial production rose 0.6% in March compared to the previous month. Earlier in the day, industrial production was said to have risen 1%.
The given indicator had risen for the fifth time in seven months. The Ministry has already risen its estimates for April and May, as revised domestic demand combined with high level of capital spending and export drove up processing industry growth.
On annual basis, industrial production rose 8,3%.
Wholesale prices index in Japan in April made up +0.1% per month, +0.5% per year.
The previous value of the given index equaled +0.2% per month, +0.2% per year.
Index value comes out positive for the second time in a year, April value is the four-year maximum.
Industrial production index in Europe (12) for March made up –0.2% per month, +1.0% per year.
The previous value was revised from +0.1% to +0.4% per month, from +0.6% to +1.0% per year.
The forecast was created by trans1.
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