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Forex · News · Forex ForecastsNEWS / Forex Forecasts |
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Brief review of the market.
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09:41 06/15/2004
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Brief review of the market.
American currency declined steeply following the release of trade balance data in the U.S., which came out worse than expected and reached its maximum in April.
Fall of American stock exchange indexes also puts pressure on the rate of the dollar. As reported by the U.S. Department of Trade, trade deficit rose 3,8% in April to record 48.3 billion dollars. Trade balance deficit hike was rather unexpected. Economists had looked for 45.1 billion dollars dip.
In March, trade balance deficit equaled 46 billion dollars.
The given data helped British, Japanese and common European currencies to recover against the dollar.
While trade balance data showed significant deficit growth, retail sales came out a bit better than forecasted and strengthened discount rate hike expectations.
Retail sales rose 1,2% in May compared to the previous month, when they were revised to 0,6% dip.
Excluding auto, retail sales rose from –0,1% to +0,7% in May in the U.S.
Index was expected to rise to +0,4%.
The given data came out better than forecasted and indicate high consumer demand.
In Britain, PPI output made up +0,3% per month, +2,4% per year in May.
Previous value of the index equaled +0,3% per month, +1,8% per year.
In Britain, PPI output, excluding food, alcohol, tobacco and fuel, made up +0,1% per month, +1,4% per year in May against the previous month’s +0.0% per month, +1,3% per year.
In Britain, PPI input rose to 1,6% per month and 5,3% per year in May.
The previous value of the given index equaled +0.8% per month, +3.2% per year.
?????? ???????????? ??? \"?? ?????\" ? ?????????????? ? ??? ????? ?? 1.6% ?? ?????, ? ?? 5.3% ?? ???.
?????????? ???????? ???? +0.8% ?? ?????, +3.2% ?? ???.
The forecast was created by trans1.
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