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Dollar climbs strongly after the initial losses in the Inflation Report
5/23/15
The dollar rebounded from initial losses and rose strongly after the report of inflation in the United States pointed to growing price pressures, which supports the position of the US central bank to raise interest rates later this year.
The dollar received further support at a later time when Janet said Yellin president of the Federal Reserve that she believed that the central bank will begin this year, a gradual process of raising interest rates with the trend of world's largest economy to recovery after slowing in the first quarter of the year and reverse the adverse factors at home and abroad .
The euro fell 0.99 percent during the session to $ 1.10025, the lowest level since April 29 before recovering slightly to $ 1.1015 in late New York trade and ending the week on a loss of 3.80 percent in its worst weekly performance since September 2011.
Against the Japanese currency the dollar rose 0.42 percent to 121.53 yen, its highest level in ten weeks and ending the week on a gain of 1.95 percent in the best weekly performance since early October. - See more at: [You must be registered and logged in to see this link.]
5/23/15
The dollar rebounded from initial losses and rose strongly after the report of inflation in the United States pointed to growing price pressures, which supports the position of the US central bank to raise interest rates later this year.
The dollar received further support at a later time when Janet said Yellin president of the Federal Reserve that she believed that the central bank will begin this year, a gradual process of raising interest rates with the trend of world's largest economy to recovery after slowing in the first quarter of the year and reverse the adverse factors at home and abroad .
The euro fell 0.99 percent during the session to $ 1.10025, the lowest level since April 29 before recovering slightly to $ 1.1015 in late New York trade and ending the week on a loss of 3.80 percent in its worst weekly performance since September 2011.
Against the Japanese currency the dollar rose 0.42 percent to 121.53 yen, its highest level in ten weeks and ending the week on a gain of 1.95 percent in the best weekly performance since early October. - See more at: [You must be registered and logged in to see this link.]
