The Euro is Getting Cheaper Respect the Dollar
18 Feb
The Good macroeconomic references in the United States boosted the dollar, that rose by 1% when crossing it with the Euro, to $1,3622 dollars.
The industrial production rose by 0,9% in January, in front of the analysts forecasts that pointed to a 0,7%. This data comes to reinforce the positive report from the manufacture activity published yesterday.
The other report expected by the market, the beginning and building of households, has also been positive, with an increase in January by 2,8% to 591,000 units, also over than what was expected.
With signs of recovery in his economy, the dollar won positions respect the main currencies like the yen and the pound.
The Euro began the session struggling against the dollar, moving from the risk appetite of investors and the prudence on the evolution of Greek debt. However the good forecasts in the United States gave the change to the dollar.
The Oil, that yesterday touched two week maximums, is taking a break. The futures of the West Texas fell by 0.43% to 76.68 dollars, while Investors see the situation in Iran from very close.
The Gold, after growing during many days, fell by 0.47% to $1,114.5 per Oz. The demand from investors continues being high. In 2009 remained over $100,000 million for second consecutive year although the turbulences in the financial market.
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