Friday 25 November 2016

Dollar rises in price against the yen, depreciates against the euro

During today's Asian trade, the dollar continues to appreciate against the yen depreciates against the euro.
By 6:30 GMT the dollar against the yen rose to 113.57 yen compared with 113.33 yen at the close of the previous session. During the trade session the value of the dollar rose to 113.9 yen - the highest since March 15.
The US currency has risen by almost 10% against the yen since November 4, and its rise over the 3 weeks is the highest since 1995, Bloomberg reported.
Euro at the same time was worth $1.0574 versus $1.0554 at the close of the previous trading.
Forecasts of the acceleration of inflation and the rate of US GDP growth in the implementation of policies D.Tramp voiced during the election campaign, has led to an increase in US Treasuries yields to the highest level this year. It supports dollar, as well as promotes the growth of expectations that the Fed will raise the base interest rate, experts say.
Minutes of the Fed's November meeting, released on November 23, showed that the leaders of the US central bank is actively discussing the rise in interest rates during the last meeting, and came to the conclusion that the increase may become expedient quite soon.
Traders estimated at 100% the chance of a rate increase by the Central Bank in the US December meeting.


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