TeleTrade Market Review

On Friday U.S. dollar continued its growth against the euro, as the data on inflation in the euro area is below 1% have revived the discussion about the possible lowering of rates by the European Central Bank.

The EUR / USD fell to 1.3486 against 1.3587 at the closure of North American session on Thursday. On Thursday, the euro fell about 1% under the pressure of data, showed that annual inflation in the euro area in October fell to 0.7%, its lowest level in nearly four years.

The ICE Dollar Index rose to 80.752 against 80.221 late Thursday.

WSJ dollar index rose to 73.06 against 72.63.

According to data released on Friday, the final manufacturing purchasing managers’ index (PMI) Market for the U.S. raised in October to 51.8 against 51.1 the preliminary value, but the index was lower than September’s value 52.8.

The manufacturing index of the Institute for Supply Management (ISM) showed that the sector in October remained healthy. The index rose slightly, to 56.4 from 56.2 in September.

The pair GBP / USD dropped to 1.5913 against 1.6038 late Thursday. AUD / USD traded at 0.9434 against 0.9456.
The pair USD / JPY rose to 98.78 against 98.32 on Thursday.

Contact info:

Office: +374 (60) 374060


This entry was posted in Forex. Bookmark the permalink.

Leave a Reply