The Australian dollar fell after the publication of a negative report on employment in Australia
January 17, 2014, Friday, 19:52 GMT | 14:52 EST | 01:22 IST | 03:52 SGT
Asian and European trading sessions:
Euro: The euro traded sideways against the U.S. dollar on the background of the final data on inflation in the euro area which was in line with the preliminary estimates. Annual inflation in the 17 countries of the euro zone declined in December, showing that the inflation was still below the European Central Bank's target level. The Eurostat on Thursday confirmed its preliminary assessment of the dynamics of prices in December, published last week. According to the report, the consumer price index (CPI) in December rose by 0.3 % compared to November and 0.8% compared to December 2012.The data indicated a weakening of annual inflation compared with November, when it stood at 0.9 %, and this figure was still below the target level, the ECB near 2.0%. The Eurostat also confirmed that the increase in core consumer price index (Core CPI), which excluded volatile food prices and energy prices, slowed to 0.7 %, showing the lowest growth since the beginning of such statistics in 2001.
Today was also published a monthly report by the ECB. In its January newsletter Governing Council of the ECB had to maintain rates at current or lower level for a long period of time. Authorities said that accommodative monetary policy rate will be maintained long as it needed. The EUR / USD traded in the range of $ 1.3593 - $ 1.3629 during the European session.
U.S. Dollar: The dollar index close to four-month high, as investors believe that the U.S. economy is strong enough to survive without loss possible reduction incentives Fed. The economic activity in all regions of the U.S. grew in December, “moderate " pace due to an increase in consumer spending in the festive season , the improvement in the labor market and recovery of industrial production , released on Wednesday showed a regional overview of the Fed.
Australian dollar: The Australian dollar fell to its lowest level since August 2010 against the U.S. dollar after the publication of a negative report on employment in Australia. According to the National Bureau of Statistics, the number of jobs in the country in December fell by 22.6 thousand, while economists had expected growth of 10 thousand for the year Australia's economy lost 67.5 thousand jobs, which was the worst figure since 1992.
American trading session:
British Pound: The pound fell slightly against the U.S. dollar , as data showed that expectations regarding the future growth of British housing prices have increased again last month, which was due to the lack of new homes on the market . It became known from the last survey, which was published today by the Royal Institution of Chartered Surveyors (RICS). The RICS experts said that 61 % of respondents predict that home prices will rise over the next three months, compared with 59 % in November. We add that the last result was the highest since September 1999. The survey also showed house prices rose in every region of Great Britain in the last month. Nevertheless, the main house price balance fell to 56 % in December from 58% in November. Many experts predicted that the value of this index will rise to the level of 59%. It is worth noting that it was the first decline in the index over the past four months. The economists also said that the UK housing market was underpinned by falling unemployment, low interest rates and government programs to make mortgages cheaper and easier to obtain. The GBP / USD pair fell to $ 1.6310 during the European session.
Gold: The gold prices raised slightly after a government report that inflation in the U.S. rose, increasing the appeal of the precious metal as a hedge against inflation. The cost of the February gold futures rose to $ 1241.90 per ounce on the COMEX.
Oil: The oil prices were mixed, though with a slight modification. On the dynamics of trade were affected expectations of increasing supplies from the Middle East and North Africa, which outweighed the news about a noticeable drop in U.S. oil inventories. The cost February futures on U.S. light crude oil WTI dropped to $ 93.90 per barrel.