PMI index in Chicago unexpectedly exceeded the projected figure for the first time since April, and reached 62.3, which, as noted BMO currency analysts, should provoke a surge of activity in the near future.
The dollar exchange rate pound presses. Pound / dollar again demonstrates the positive trend, rising to $ 1.5640 area, which may result in re-testing of previously installed a high of $ 1.5655.
The Currency exchange rates are dominated by the euro today. The exchange rate the dollar is falling against the backdrop of growing confidence in the single European currency. The euro continues to rise, punching a three-month highs at around 1,315 dollars. At the same time, analysts believe the rise of the euro exchange rate short-term and do not have a chance of a long period of time.
The pound exchange rate rises above today. U.S. dollar exchange rate remains fragile as the euro becomes the pivot. JPMorgan Chase & Co. overturned the recommendation of the open short positions in the British currency after the pound / dollar struck the April maximum.
Currency exchange rate is at flat today. Exchange rate euro fell slightly against the dollar. Euro / pound spent the first half today in a very narrow range, and while the execution stops above stg0.8345 violated the sluggish progress of tenders, jerk above proved to be short-lived, confirming the continuing healthy interest in trying to sell growth.
The exchange will open with the euro reducing against the pound on Monday. Dollar exchange rate will be stable. The exchange rate euro against dollar and pound will fall – reported Royal Bank of Scotland currency analysts. Single European currency continues to consolidate in a very small volume of trades, and while it stabilized above $ 1.2880 looks constructive for couples and bulls do not lose hope for a retest of levels near $ 1.3025, currency strategist at Royal Bank of Scotland do not share their optimism.
Euro declines with great speed after reports that the stress tests for banks in the EU were easier than expected. As noted by Citigroup currency analysts, if this information is confirmed, the euro has become an exile in the foreign exchange market. Meanwhile, dealers noted interest in the euro / dollar in the area below 1.2800. The results of stress tests for European banks will be announced this evening.
Pound / dollar has sought a foothold in the field of 1.5400 against the backdrop of positive economic data. Support will now be provided at the level of 1.5350.
UBS notes, that the pound will continue to rise against the dollar today. Pound / dollar rate rose 50 basis points from 1.5343 marks after stronger GDP data for the second quarter than expected. As a result of significant sales, which began with the growth of couples to new highs, the pound / dollar rolled back to 1.5375.
BNP Paribas has lowered forecasts for the dollar against the euro against the background of the negative prospects for the U.S. economy made by the Fed, as well as the positive expectation of the results of stress tests of European banks.
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