Rates of the US dollar improved on Monday. The greenback is changing hands practically at 2-month peak thanks to good Q3 GDP figures, which turned to be higher than expected.
The US Dollar index rose to 96.31 early Monday.
The euro-to-US dollar exchange rate decreased $1.1364.
The greenback got stronger vs the Japanese currency staying at 111.99. It was rumoured that the inflation outlook in Japan might stay generally unchanged, with the additional measures to be taken for the support of the country's economy in Japan.
Negative dynamics was also posted by the Chinese yuan. In particular, the US dollar rate was at 6.9604 vs yuan on Monday. According to the news reports, the PBOC withdrew CNY 120 billion from the market as it gave up open market operations today. As for the reference rate, it rose by 133 points to 6.9377 (6.9510 last Friday).
At present, the US Federal Reserve policy and the US-China trade war are the main drivers of the greenback, which has been enjoying good demand as a safe haven lately. The data released by the US DOC showed that the US economy gained 3.5% y-o-y (forecast – 3.3%)
This week the market will focus on the meeting of BOE and BOJ. Still, the players mostly believe that the regulators will not revise the monetary policy.