The US dollar was bought back as fears eased over the US debt ceiling

October 15, 2013

The market consensus is bullish that a deal will be reached in Washington that would avert a US default on its financial obligations. Also there is optimism this deal would end the government shutdown, at least temporarily, allowing the government to resume operations after being closed for two weeks.

The US dollar was bought back as fears eased over the US debt ceiling. Last week investors were worried that a default could lead to severe damage to the global economy. 

The dollar gained 0.5 percent to hit a one-month high against a basket of six major currencies. 

Against the safety of the Swiss franc, the greenback reached a one-month high of 0.91455 francs. Against the yen, dollar has been in range after hitting a two-week high twice today at 98.68 yen.

The euro was not helped by strong German Economic Sentiment which rose to its best level in over three years. Euro fell to $1.3478 after an 80 pip tumble.

Sterling rose early in the session after British inflation data came in slightly higher than expected according to a report from Office for National Statistics.  Annual consumer price inflation was 2.7 percent in September, unchanged from August, confounding economists' forecasts for a slight dip to 2.6 percent. 

However soon after the data the pound fell against down 0.2 percent $1.5955,after  having hit as high as $1.6010 after the data

Publication source
FxNet information  FxNet reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

XTB Rating
FxPro Rating
FBS Rating
Orbex Rating
XM Rating
Vantage FX Rating

OptionRally Rating
GTOptions Rating
24option Rating
Anyoption Rating
First Binary Option Service Rating
Binary.com Rating