The dollar becomes more expensive against foreign currencies amid upbeat data from the United States

Доллар дорожает к мировым валютам на фоне оптимистичных статданных из США

The dollar against major world currencies Wednesday, rising, reflecting a number of positive statistical indicators published in the United States a day earlier, according to the auction.

As at 09.08 GMT, the dollar index (dollar to a basket of six currencies of countries — major U.S. trading partners) increased by 0.14% to 101,13 points. The dollar exchange rate to yen has grown to 112,82 the yen from 112,38 in the previous session. The Euro-dollar exchange rate fell to 1,0631 dollar barrier of 1.0650 at the close of the previous day.

On Tuesday, the Bureau of economic analysis U.S. Department of Commerce reported that real GDP growth in the third quarter of 2016, according to the second estimate by 3.2% in annual terms. While analysts had expected a smaller increase of 3 percent. In addition, it is better first estimates of the growth of the indicator, which stood at 2.9%. In the first quarter U.S. GDP growth was 0.8 percent in the second and 1.4%.

In addition, research firm the Conference Board reported that consumer confidence in the US, November was also above expectations of experts. The index rose to 107.1 points from the revised October index, at 100,8 points. Analysts had forecast the index to rise to 101,2 points from the original level Oct at 98.6 points.

These indicators increase the chances of increase in December, the base interest rate of the fed from its current level of 0.25-0.5% per annum. According to CME Group, the probability of such a scenario on Tuesday rose to 98.6% from 93.5 per cent the previous day.

In the course of trading on Wednesday could impact the new statistical data from the United States. In particular, the analyst firm Automatic Data Processing (ADP) will release the report on the labour market. Analysts predict that the number of jobs in private companies in the U.S. in November increased by 165 thousand, compared with October. In addition, the U.S. Department of Commerce publishes data on consumer income and spending in the country. According to experts, in October, revenues rose by 0.4% compared with September, while spending rose 0.5%.

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