Economic Analysis
U.S. Dollar
Dollar continues to rise with the potential to affect the decision to lift interest rates, the Chinese appetite for risk.China decided to raise interest rates which led traders to move away from risky assets, which helped to increase the U.S. dollar, dropping high-risk currencies like the euro, which fell in the afternoon of yesterday, and during the evening meetings. He returned to the markets of concern on growth rates, as considered by many investors to China to raise interest rates for the third time this year is a sign that inflation control was ranked first in the Chinese calendar. Has seen the U.S. dollar rose yesterday, as traders began to seek to amend the security after China’s monetary policy. The EUR / USD is moving to the level of 1.4270 yesterday declined while the GBP / USD below 1.60 and directly. As was the decline of the U.S. industrial sector yesterday the cause of the increased risk appetite among most investors. If the data came the report of the Employment Non-Farm on Friday to read the show on the continuation of negative U.S. economic data, we could see a move away from risk traders. Expected volatility in the movement of prices in the market today, where the expected announcement of a major report before Friday, which holds data even more important. Would be expected to announced today the report of the Non-Farm Employment and governmental ADP, and that today’s announcement shows the image of gloomy employment, they will rush more investments to the security of U.S. currency, which will push the U.S. dollar to the top.
