Positive housing report entails US dollar rebound

Posted 16 February, 2018

On Friday, February 16, the US dollar has reversed direction and rebounded vs the majors after touching a 3-year bottom. The improvement is related to optimistic construction sector report in the USA.

Negative impact on the US dollar positions came from the fears of the US budget deficit that may reach some $1 trillion in 2019 on expanded infrastructure spending and corporate tax reduction.

However, today American currency has got support from the January housing report. According to the released data, in January US housing construction and construction permits peaked over the year and since early 2007 respectively.

The US Dollar index increased to 88.82, whereas early today it was seen at 88.16.

The euro and sterling to US dollar slipped to 1.2455 and 1.4032 respectively. The yen and franc weakened as well. USD-JPY and USD-CHF pairs stayed at 106.28 (0.15% down) and 0.9247 (0.25% down) respectively.

The AUD-USD lost 0.20% falling to 0.7925 and NZD-USD – 0.27% to 0.7388.

The US dollar rose against its Canadian counterpart to 1.2529.

Previous story

19 February, 2018 12:15

← Switzerland against tougher rules for crypto market

Switzerland's Financial Market Supervisory Authority (FINMA) that opposes the global tightening of cryptocurrency market, has released recommendations for local startups that are going to launch ICO. The regulator strives to support the ICO market and support blockchain-based projects and thus hopes that its instructions may help the companies be more aware of the cases when...

Switzerland against tougher rules for crypto market

Next story

16 February, 2018 17:02

Cryptocurrencies up, bitcoin still tries to settle above $10,000 →

The majority of cryptocurrencies have posted gains today, while bitcoin still fails to take roots at $10,000. Yesterday the key digital coin managed to reach the psychologically essential level of $10,000 but just for little time and decreased again. On Friday bitcoin once more attempted to move above $10,000 and had luck again.

Cryptocurrencies up, bitcoin still tries to settle above $10,000
Write a comment
Prove you’re not a bot + 16 = 24